British court rejects Nirav’s new bail plea

London, November 6

In a setback to Nirav Modi, a UK court on Wednesday rejected a new bail application of the fugitive diamond merchant, who is fighting extradition to India on charges of nearly $2 billion Punjab National Bank (PNB) fraud and laundering case.

Dressed in a blue sweater and freshly shaved, the 48-year-old was produced before Westminster Magistrates’ Court in London to make another attempt at being let out on bail until his trial in May next year. 

Judge Emma Arbuthnot rejected his bail application despite Nirav’s offer to double security from 2 million pounds to 4 million pounds.

Nirav was looking distinctly healthier than his previous appearance before the same court earlier this year. He reportedly claimed anxiety and depression in his latest application. — PTI