London’s Westminster Court rejected the bail plea once again on Friday, shaking fugitive Indian diamond trader Nirv Modi. Earlier in March, the same court had rejected the bail application of Nirav. He is absconding from India after the biggest bank scam.
#NewsAlert — UK court refuses to grant bail to Nirav Modi. Police custody extended till May 24. pic.twitter.com/7jJMQABUd3
— News18 (@CNNnews18) April 26, 2019
According to the reports, Neerav lodged in front of the court through video conferencing. According to the sources linked to this case, Nirav will be behind the bars of jail for at least 6 weeks and after that he can file a petition in the upper court for bail.
Fugitive Businessman Nirav Modi's bail rejected by London Court, next date of hearing in the case is May 24. (file pic) pic.twitter.com/m3Nv7vQWew
— ANI (@ANI) April 26, 2019
Crown Prosecution Service (CPS) protested Neerav’s bail plea, told the Westminster Court that the diamond trader had warned a former employee of the witness bank in the bank fraud case to face serious consequences on making the information public.
India Today’s @loveenatandon brings us some important information regarding Nirav Modi’s remand hearing. Take a look.
— India Today (@IndiaToday) April 26, 2019
More #ReporterDiary: https://t.co/FAHzdk9TO8 pic.twitter.com/CVZYZ5swNV
Neerav has alleged that he had lent Rs 13,500 crore from Punjab National Bank (PNB) and did not repay it. He had received this amount through fraud from Letters of Undertaking (LOU) and Foreign Letters of Credit (FLC) from PNB. The Indian government is trying to bring Nirav back to the country through extradition.
