UK Court dismisses bail plea filed by Fugitive Diamantarire Nirav Modi for fourth time

bitcoin trading

The Royal Courts of Justice in London on Wednesday dismissed the bail plea filed by Fugitive Diamantarire Nirav Modi. This was Nirav Modi’s fourth bail application which was rejected by the UK Court.

Earlier on Tuesday, Nirav Modi‘s Counsel Clare Montgomery had submitted before the court that if her client is ready to get tagged through an electronic GPS Device so that his location and movements can be tracked.

She further asserted that her client’s Daughter and son will be moving here and will soon join a University, there is no way he will run away, she submitted before the court while seeking bail for her client, Nirav Modi.

In her arguments, She also compared him to WikiLeaks founder Julian Assange, and said,
“My Client is not like Julian Assange who wants to seek refuge in some embassy’. She added that Nirav Modi is an ordinary person. He moved here to raise capital.

The court said it wanted some time and deferred the matter to Wednesday morning. However, the Crown Prosecution Service said if Nirav Modi is given bail during extradition hearings, then that’s another thing. But he should not be given bail at this time as he faces serious charges.

Fugitive Diamantarire Nirav Modi, an accused in PNB Scam got arrested on March 19 this year in Holborn, London after the Enforcement Directorate initiated extradition process against him in connection to 13,500 crore Punjab National Bank Scam.

The Indian Government earlier on March sent Nirav Modi’s extradition plea to UK government.

It was alleged that Nirav Modi and others have committed an offence of Cheating Punjab National Bank (PNB) with having involvement with some bank officials by fraudulently getting Letter of Undertakings issued. It was further alleged that the due course of procedure was not followed that caused a wrongful loss to the bank.

Nirav Modi had approached the UK Court four times with a bail plea. However, all the bail pleas were rejected by the UK Court.

ALSO READ:

LEAVE A REPLY

Please enter your comment!
Please enter your name here