London court rejects fugitive diamond jeweller Nirav Modi's bail plea


London, Nov 6 (IANS): A court here on Wednesday rejected the bail plea of Nirav Modi, wanted in India in the Rs 13,500-crore Punjab National Bank (PNB) fraud case despite making an offer of doubling the bail package from two million pounds to four million pounds in security.

The 48-year-old businessman, who was arrested from Holborn here on March 19 and is fighting extradition proceedings since then was produced before Chief Magistrate Emma Arbuthnot at Westminster Magistrates' Court for bail.

After the court hearing, Nirav Modi was taken back to Wandsworth prison in south-west London and will next appear via videolink before the same court on December 4.

"The past is a prediction of what might happen in the future," said Judge Arbuthnot, as she concluded that she remains unconvinced that he would not interfere with witnesses or fail to surrender before the court for his trial in May 2020.

She also noted that the confirmation that Modi is suffering from "depression" is not such that would influence her to change her previous ruling to deny bail.

Nirav Modi's counsel Hugo Keith pointed out change in circumstances in doubling the security offered to the court, from the previous 2 million pounds to 4 million pounds and also a privately-paid guard service to ensure constant monitoring alongside electronic tagging.

During the hearing of the bail plea, the judge was criticial of the alleged leak of Modi's medical report by a British doctor in India, saying it was "unfortunate."

Modi and his uncle Mehul Choksi of the Geetanjali Group are being investigated by the Enforcement Directorate and the Central Bureau of Investigation after the PNB alleged that they cheated it of Rs 13,500 crore with the involvement of some bank employees.

Modi also faces charges under the Fugitive Economic Offenders Act. The ED has filed a chargesheet against Choksi in a Prevention of Money Laundering Act Court in Mumbai.

 

  

Comment on this article

  • Flavian, Mangaluru/Kuwait

    Thu, Nov 7 2019

    Vijay Mallya is having a comfortable life & living standards in London. When he is expected to be extradited to India?
    Christian Michel, the alleged middleman in the Agusta-Westland VVIP helicopter case - He was caught from Dubai and brought to the court in India for investigation on the bribe charges - Any further developments in this regard.

    DisAgree [1] Agree [7] Reply Report Abuse

  • YOGI THUNTA, MANGALURU - NEAR PUMPWELL CIRCLE

    Thu, Nov 7 2019

    He enjoyed his life with beautiful celebrities and what he need in life ! he will spent his life on TAX PAYERS MONEY with grace !!!

    DisAgree [2] Agree [6] Reply Report Abuse

  • Well Wisher, sydney/mangalore

    Thu, Nov 7 2019

    He is suffering from depression !! what about people who lost their savings because of this fraud man . Because of this persons greed , our very own people suffered . Hang him to death , an sell off all the wealth and his accumulated properties . Let his family be forced to live a middle class life .Let the bank repay its customers.

    DisAgree Agree [11] Reply Report Abuse

  • Nice, Mangalore

    Thu, Nov 7 2019

    Hmm,

    And the current status of the spyware that invaded phones via Whats App and its implications for citizens, and who is responsible for this ?

    Usually a new case comes to light and the pressing issues gets brushed underneath the carpet.

    : )

    DisAgree Agree [4] Reply Report Abuse

  • k b r, Mangala Uru

    Thu, Nov 7 2019

    nirav modi and the 15 lakhs promised in 2014... both will reach India at the same time...

    DisAgree [3] Agree [12] Reply Report Abuse

  • Dinesh, Mangalore

    Wed, Nov 6 2019

    Don’t give him bail... we need him during 2024 election...Our MODI himself go and meet him....

    DisAgree [3] Agree [13] Reply Report Abuse

  • Sanjay, Hebri

    Thu, Nov 7 2019

    You only deserve chor party who loot.

    DisAgree [5] Agree [11] Reply Report Abuse

  • Dinesh, Mangalore

    Thu, Nov 7 2019

    Chor party just looting money......Ur party looting money and killing people....

    DisAgree [3] Agree [3] Reply Report Abuse


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