Nirav Modi's bail was rejected despite the security amount being doubled to four million pounds
Nirav Modi
London: A UK court has rejected fugitive diamantaire Nirav Modi's bail plea on fresh grounds that he is suffering from depression in connection with Rs 13,500-crore Punjab National Bank (PNB) fraud and money laundering case.
The judge of the UK court on Wednesday rejected Modi's bail despite the security amount being doubled to four million pounds and an offer to be on house arrest. As his fourth bail plea was rejected, Modi threatened to commit suicide if he was extradited to India. The next hearing is slated to take place on December 4.
Modi and his nephew Mehul Choksi are the main accused in the PNB loan default case. The duo fled the country in January last year before the scam came to light. Forty-eight-year-old Modi was arrested on March 19 by Scotland Yard in connection with the case and is currently lodged in Wandsworth prison in south-west London.
He has not returned to India despite repeated summonses from Indian probe agencies and courts. India is seeking his extradition to make him face the law of the land for allegedly committing economic offences.
ADVERTISEMENT
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
