Trouble for fugitive billionaire Mehul Choksi is set to rise as the Prime Minister of Antigua and Barbuda Gaston Browne has promised to extradite him to India, saying that he is a 'crook' and 'adds no value to his country'.

Fugitive businessman Mehul Choksi surrenders his Indian citizenship and passport to Antigua. His shocking move seems to be an attempt to avoid extradition to India, where he is wanted by multiple agencies for loan fraud.

Interpol on Thursday issued red corner notice against fugitive businessman Mehul Choksi on a special request of the Central Bureau of Investigation (CBI).

The Congress on Tuesday accused the Modi government of leaving gaping holes in the process of repatriation of PNB bank fraud accused Mehul Choksi and giving him a clean chit that enabled him to escape from the country early this year.

In a latest update in Punjab National Bank fraud case, fugitive jeweller Mehul Choksi opposed CBI's plea to the Interpol seeking red corner notice against him seeking "poor jail conditions in India", also a media trial running against him that may influence the decision of Indian judicial system.

Congress President Rahul Gandhi on Saturday stepped up his attack on Prime Minister Narendra Modi, saying there is a "relationship" between him and bank fraud accused Nirav Modi and Mehul Choksi. He also alleged that fugitive offender Vijay Mallya had met BJP leaders before he left the country.

Fugitive billionaire Nirav Modi has been spotted in the United Kingdom, officials have confirmed to India. The CBI instantly moved in a request to London to extradite the jeweller, who is wanted in bank loan fraud case here.

India has asked Antigua and Barbuda to detain Mehul Choksi, an accused in the Punjab National Bank (PNB) fraud case, and to prevent him from leaving the country.

The CBI on Wednesday filed a second chargesheet in the Punjab National Bank (PNB) fraud case against diamond merchant Mehul Choksi and his Gitanjali Group's companies.

Non-performing assets, also known as bad loans, in the banking sector are set to rise by Rs 8000 crores on the account of scam hit Gitanjali Gems group during the quarter end.