Choksi, 65, allegedly fled India just before the accusations became public in 2018, and he has since been living in various locations, including the Caribbean. His lawyer, Vijay Aggarwal, stated intentions to seek Choksi's immediate release, citing serious health concerns including cancer. Aggarwal has denied all allegations against his client, emphasizing that Choksi is not a flight risk, referencing his ongoing medical treatment.

Choksi’s situation is reminiscent of his nephew, Nirav Modi, another prominent jeweler embroiled in the same scandal, who is currently in custody in London while contesting extradition to India. The cases against both men have stirred substantial public outcry in India, reflecting wider concerns about financial impropriety in state-owned banks and the luxurious lifestyles of certain elites.

As authorities continue to navigate the legal intricacies surrounding these arrests, the Indian public remains watchful of developments that seek accountability and resolution in this ongoing financial saga.