Absconding Diamontaire Nirav Modi denied Bail Next Hearing on 26 April

Absconding Diamontaire Nirav Modi denied Bail Next Hearing on 26 April

Diamantaire Nirav Modi, who was arrested last week, in London in lieu of the 13,000 crore bank fraud case, was today denied bail by the UK Westminster Court. The Magistrate turned down the plea moved by Nirav’s counsel and extended his police remand. The case would be heard again by the court on April 26.

From India, a team of Central Bureau of Investigation and Enforcement Directorate officials reached the court to attend the hearings. The set of arguments prepared by them were submitted before the bench by senior advocate Toby Cadman, representing the Crown Prosecution on behalf of the Indian authorities.

Nirav, who has reportedly launched a new diamond trading business in the United Kingdom, was arrested last week based on the Interpol Red Corner notice. He was apprehended from Holborn in central London after a clerk at the Metro Bank branch tipped London authorities.