29.7 C
New Delhi
September 22, 2020
KhabriBaba
Business International

Nirav Modi to stay in Jail; UK High Court denies bail

Reading Time: 2 minutes

Modi has already been denied bail at three previous attempts at Westminster Magistrates’ Court in London, as the judge ruled there was “substantial risk” that he would fail to surrender and deemed the bail security offered as insufficient.

The UK High Court on Wednesday denied bail to diamond merchant Nirav Modi, who is fighting his extradition from Britain to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.

Judge Ingrid Simler at the Royal Courts of Justice said that there are substantial grounds to believe that Modi will fail to surrender. Moreover, the judge felt that there could be interference with the witnesses and obstruction of justice.

Earlier, Modi’s legal team presented arguments in an attempt to persuade the judge to overturn the Westminster Magistrates’ Court ruling to deny bail during three previous attempts, for fear that the 48-year-old would fail to surrender.

Modi has already been denied bail at three previous attempts at Westminster Magistrates’ Court in London, as the judge ruled there was “substantial risk” that he would fail to surrender and deemed the bail security offered as insufficient.

He was arrested by uniformed Scotland Yard officers on an extradition warrant from a Metro Bank branch in central London on March 19 and has been in prison since. 

0 0 vote
Article Rating

Related posts

3 percent GST to be imposed on sell of Gold Jewellery

Ritu Nandal

SBI Cards IPO: How to check allocation of shares

Ritu Nandal

RBI bans two key appointments of HDFC, says- “first appoint CEO”

Ritu Nandal
Subscribe
Notify of
guest
9 Comments
Inline Feedbacks
View all comments
trackback
25 days ago

generic for viagra

WALCOME

trackback
23 days ago

generic viagra online

WALCOME

trackback
21 days ago

buy real viagra online

WALCOME

trackback
19 days ago

cheap viagra

WALCOME

trackback
18 days ago

buy viagra canada

WALCOME

trackback
17 days ago

viagra alternative

WALCOME

trackback
14 days ago

buy viagra uk

WALCOME

trackback
2 days ago

buy viagra overnight delivery

WALCOME

trackback
1 day ago

buy viagra over the counter

WALCOME

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »
9
0
Would love your thoughts, please comment.x
()
x