Choksi, who had recently fled from Antigua and Barbuda, was captured in neighbouring Dominica after an Interpol Yellow Notice was issued against him, Antiguan media reported on Wednesday.
An official search began the following day on land and sea after Gimeno's boat was found drifting in a Tenerife harbor with nobody on board.
With the help of the scheme, Sudeer Muhammed Cheriya Vannarakkal collected over Rs 9.98 crore of investments from people but did not pay the promised returns and principal.
Jaysukh Ranpariya of Sutton Plaza, Sutton, appeared in custody at Westminster Magistrates' Court following his arrest by detectives from the Met's Extradition Unit, said a Metropolitan Police.
The ED also sought orders for confiscation of their assets in India, the United Kingdom and the United Arab Emirates.
The Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.
The CBI sent the request to the Interpol after it filed the first chargesheet naming Nirav Modi, Nishal and Parab beside 18 others in a special court in Mumbai on May 14.
The agency said it had shared the information about revocation of his passport in the 'diffusion' notice issued through the Interpol on February 15.
The agency has written to the Interpol to issue the notice which would mean that the member countries of the Lyon-based international police cooperation agency can arrest and extradite Nirav Modi.
ED sent the request to the Interpol aimed at locating and arresting Nirav Modi who left the country along with his family in January, weeks before the PNB scam was reported to the CBI.
Officials said the agency had sought issuance of the Interpol warrant against the two, based on court-issued non-bailable warrants obtained by it in a money laundering case.
Modi, who was alleged to have carried out fraudulent transactions worth over Rs 11,400 crore in Punjab National Bank, had left the country in the first week of January.
Masur Ahmad Lary was arrested from Maharajgunj area of Kathmandu, said a senior police officer of Kathmandu Metropolitan Police Office.