Nirav Modi’s bail software rejected for seventh time

Picture Supply : ANI

Fugitive diamantaire Nirav Modi

A London court docket on Monday rejected the bail software filed by fugitive diamantaire Nirav Modi, the seventh such rejection by courts of the UK, officers stated.  Modi, who is needed in reference to the Rs 13,000 crore Punjab Nationwide Financial institution fraud perpetrated by him and his uncle Mehul Choksi, was arrested in London on March 19 final 12 months on CBI’s extradition request, they stated.

“The repeated rejection of bail software is a results of glorious coordination among the many CBI, Exterior Affairs Ministry and Crown Prosecution Service of the UK,” a senior official of the company stated.

His 4 earlier makes an attempt to get bail have been rejected by District Choose in Westminster Courtroom of London final 12 months on March 20, March 29, Might eight and November 6.

Modi’s two makes an attempt to get bail from the Excessive Courtroom in London have been additionally rejected on June 12, 2019 and March 5, 2020, they stated.

His seventh software got here earlier than the Westminster court docket on Monday which was additionally rejected, the CBI stated.

Within the Rs 13,000 crore fraud, Modi’s corporations are accused of siphoning off Rs 6,498 crore of public funds by bribing to govern the issuance of Letters of Enterprise issued by Brady Home department of the general public sector financial institution. 

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