New Delhi:
A fresh bail plea filed by the Fugitive Diamond Merchant Nirav Modi by the High Court of Central Bureau of Investigation, Kings Benches Division, London has been rejected, said the Central Bureau of Investigation. Nirav Modi – One of the most people in India, Punjab National Bank in relation to debt fraud case – was arrested on an extradition warrant and has been in jail in Britain since March 2019.
The Central Investigation Agency said in a statement that the bail arguments were strongly opposed by the Crown Prosecution Service with the help of a CBI team, which traveled to London.
This was his 10th bail plea. His petition has been denied so far as he is considered a huge flight risk. The judge last time said in his order, “In this case, on any rung, a very adequate fraud is involved … is not where bail can be granted and the application is denied.”
Nirav Modi has denied any wrongdoing. In his bail plea, he cited the possible threats from the Government of India for his life, as he would not participate.
His lawyer has cited alleged plots to target Sikh workers in the United States and Canada. India has denied participation in any such plot.
In 2022, the UK High Court approved the extradition of Nirav Modi in India to face the law.
Nirav Modi left India in January 2018, a week before the PNB scam surfaced. The 55 -year -old man is accused of accusing the total scam of Rs 6498.20 crore of Rs 6498.20 crore.
Nirav Modi’s uncle Mehul Choksi, who fled with him, was arrested in Belgium in his alleged role in Punjab National Bank fraud last month. Choksi also denies any wrongdoing.
There are three sets of criminal proceedings against Nirav Modi in India – the CBI case of fraud on Punjab National Bank (PNB), the ED case related to the alleged refinement of that fraud and the third set of criminal proceedings related to alleged intervention with evidence and alleged intervention with witnesses in CBI proceedings.
