Thursday , October 28 2021

Fugitive diamond billionaire refused bail for third time in UK as he fights India extradition

London : A London court on Wednesday (8 May) denied the bail application of fugitive jeweller Nirav Modi for the third time after the prosecution stated that he had bribed his employees to prevent them from deposing against him in the court.He is currently serving a prison term in a London jail. His bail has already been rejected twice before as he fights his extradition case in the PNB fraud and money laundering case amounting to up to 2 billion dollar.

The Indian government, represented by Nicholas Hearn in the London court, is trying to extradite Nirav Modi from the UK to face trial in the Rs 14,000 Punjab National Bank (PNB) scam in India.

Westminster Magistrates Court refused bail on the grounds the judge feared Modi would not appear in court for his extradition hearing, which is scheduled to begin at the end of this month. It’s the third time British courts have denied his application for bail..Modi had reportedly been living a lavish lifestyle in London after his name was put on Interpol’s Red Notice list by New Delhi authorities in July 2018. He was arrested while opening a new bank account on March 19, though his lawyers argue that he was preparing to surrender himself to police.

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