A file photograph of fugitive diamantaire Nirav Modi.
Modi, who is needed in reference to the Rs 13,000 crore Punjab National Bank fraud perpetrated by him and his uncle Mehul Choksi, was arrested in London on March 19 final yr on CBI’s extradition request, they mentioned.
- PTI New Delhi
- Last Updated: October 26, 2020, 19:28 IST
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A London courtroom on Monday rejected the bail software filed by fugitive diamantaire Nirav Modi, the seventh such rejection by courts of the United Kingdom, officers mentioned right here. Modi, who is needed in reference to the Rs 13,000 crore Punjab National Bank fraud perpetrated by him and his uncle Mehul Choksi, was arrested in London on March 19 final yr on CBI’s extradition request, they mentioned.
“The repeated rejection of bail application is a result of excellent coordination among the CBI, External Affairs Ministry and Crown Prosecution Service of the United Kingdom,” a senior official of the company mentioned. His 4 earlier makes an attempt to get bail had been rejected by District Judge in Westminster Court of London final yr on March 20, March 29, May eight and November 6.
Modi’s two makes an attempt to get bail from the High Court in London had been additionally rejected on June 12, 2019 and March 5, 2020, they mentioned. His seventh software got here earlier than the Westminster courtroom on Monday which was additionally rejected, the CBI mentioned.
In the Rs 13,000 crore fraud, Modi’s firms are accused of siphoning off Rs 6,498 crore of public funds by bribing to control the issuance of Letters of Undertaking issued by Brady House department of the general public sector financial institution .