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London Court Rejects Nirav Modi’s Bail Application For seventh Time

London Court Rejects Nirav Modi's Bail Application For 7th Time

Nirav Modi is needed in reference to the Rs 13,000 crore Punjab National Bank fraud (File)

New Delhi:

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 stated in New Delhi.

Mr 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 stated.

“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 stated.

His 4 earlier makes an attempt to get bail have been rejected by District Judge in Westminster Court of London final yr on March 20, March 29, May eight and November 6.

Mr Modi’s two makes an attempt to get bail from the High Court in London have been additionally rejected on June 12, 2019 and March 5, 2020, they stated.

His seventh software got here earlier than the Westminster courtroom on Monday which was additionally rejected, the CBI stated.

In the Rs 13,000 crore fraud, Mr Modi’s corporations are accused of siphoning off Rs 6,498 crore of public funds by bribing to govern the issuance of Letters of Undertaking issued by Brady House department of the general public sector financial institution

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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