PNB scam: London Court rejects Nirav Modi's bail plea for fifth time

London's Westminster Magistrates’ court denied bail to Nirav Modi on vember 6, who was citing 'anxiety and negative thoughts' for indemnity.  fugitive diamond merchant is wanted in Rs.13,500 crore Punjab National Bank fraud and me his fifth attempt to secure bail in London court. Nirav Modi is currently lodged at London's Wandsworth prison.

Re - Nirav Modi Seeks Bail Claiming "anxiety And Negative Thoughts”

Appeared in court via video link earlier

Earlier this month, Nirav Modi h appeared through a video link for regular remand hearing at Westminster Magistrates' Court in London where he was furr remanded in custody till 11 vember 2019. It means that Nirav Modi will once again appear through a video link for his hearing. This process would continue every 28 days as it is required by UK law for those awaiting extrition trial. Nirav Modi's extrition trial is scheduled to take place between 11 to 15 May 2020. diamantaire, who was once living around one of most expensive localities in London – Oxford Street, has been in judicial custody since March 2019 after being arrested by Scotland Yard on an extrition warrant against him.

Re - Nirav Modi's Custody Extended Till 11 vember 2019 In UK

GOI vocate opposed his bail

Jonathan Swain, who represented Crown Prosecution Service on behalf of government of India, opposed his bail plea arguing that Nirav Modi was a flight risk. He said that crime involved a huge amount of money and was “sophisticated” in nature and that Modi would fail to surrender as he h “access to considerable means”. District Judge Marrie Mallon after hearing arguments concluded that while she took into account his cooperation and willingness, it was a high-value crime. She said that Modi h access to means, implying that re was a potential flight risk, hence she h substantial grounds to believe that Modi would fail to surrender. Nirav Modi's team has alrey me four bail applications since his arrest but has t been successful. courts have held that Nirav Modi was a potential flight risk and also that attempts were me to destroy evidence related to case.

Re - Nirav Modi To Appear For Video Link Remand Hearing From UK Jail

Re - Nirav Modi To Appear Via Video Link For UK Remand Hearing