In the failure of the escaped Indian diamond trader Nirava Modim, his fresh bail was rejected by the London High Court.
Service for the Crown Council, with the help of the CBI team from India, successfully against the action.
That was 10. The Nirav Modi petition since his detention in the UK.
“The Nirav Deepak Modi petition was rejected by the High Court, King’s Bench Division, London on Thursday,” CBI said in a statement.
Nirav Modi is in prison in London almost six years after he has lost his battle for release to face fraud and money laundering fees in India.
On 19 March 2019 he was arrested for the order of issue and the British Interior Minister Priti Patel ordered his release in April 2021.
While the case was technically at the end, Nirav Modi could not be handed over to the Indian authorities, Modi’s lawyer Edward Fitzgerald The High Court said, Reuters reported.
“There are confidential legal reasons why (modi) cannot be released,” Fitzgerald said.
In November 2022, his appeal against the decision was rejected by the London High Court.
Since then, Modi has exhausted his legal appeal in the case of the Supreme Court and submitted several requests for bail, which were all rejected by his “real and substantial” flight risk.
In September 2024, the Directorate for Recognition of Law (ED) attached ‘the proceeds of crime’ in the form of real estate and bank balances in the amount concerning £29.75 Crore in the case of fraud Pandjab National Bank (PNB).
The case applies to alleged siphoning £13 500 crore public money from the National Bank Punjab (PNB) using fraudulent letters about the company.
Uncle Nirav Modi Mehul Choksi, the main accused of the National Bank of Pandjab in Multimillion (PNB), was arrested in Belgium on April 12, after requesting for issuing Indian probes.
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