The Royal Courts of Justice in London has denied bail to fugitive diamond merchant Nirav Modi. This was his fourth bail software which has been quashed.
Nirav Modi's earlier purposes for bail have been rejected thrice within the decrease courtroom after which he had moved the Royal Courtroom of Justice in London which is the upper courtroom.
Nirav, 48, has been lodged at Wandsworth jail in south-west London since his third try at looking for bail was rejected by chief Justice of the Peace Emma Arbuthnot on the final listening to at Westminster Magistrates' Courtroom final month.
Enforcement Directorate had moved an extradition request to the UK for the diamond service provider in March after he was noticed strolling in a London road. Nirav Modi had defrauded Punjab and Nationwide Financial institution (PNB) in Mumbai's Brady Home department of Rs 11,400-crore.
The Interpol had earlier issued a Purple Nook Discover (RCN) towards Nirav final yr.
Nirav Modi was arrested by uniformed Scotland Yard officers on an extradition warrant from a Metro Financial institution department in central London as he tried to open a brand new checking account on March 19.
Beforehand, he was denied bail at three earlier makes an attempt at Westminster Magistrates' Courtroom in London, because the decide dominated there was "substantial danger" that he would fail to give up and deemed the bail safety provided as inadequate, information company PTI reported.
Modi, who has remained behind bars in judicial custody since his arrest in March, had the automated proper to file an software within the greater courtroom and didn't require permission to attraction.
(With inputs from businesses)