UK High Court denies bail to fugitive Indian diamond merchant Nirav Modi
London, June (UNI/IBNS) A UK High Court on Wednesday denied bail to fugitive Indian diamond merchant Nirav Modi.
Rejecting Nirav Modi's bail plea, the court said it has evidence that he might obstruct the probe.
"Compelling evidence that applicant and those acting on his behalf have acted to influence witnesses. Interference and obstruction may occur," the judge said on Wednesday.
The court on Tuesday had heard Nirav Modi's appeal against a lower court's order to deny him bail as he fights his extradition from Britain to India in the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case.
Nirav Modi and his uncle Mehul Choksi are the prime accused in the Rs 13,600-crore Punjab National Bank scam involving fake guarantees in the name of the state-run lender to secure loans overseas.
Modi and his uncle Choksi left the country in 2018 before the CBI registered a case against him.
The arrest of the businessman took place at a time when the Central Bureau of Investigation (CBI) was making efforts to expedite the extradition process of Nirav Modi.
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