Nirav Modi is needed in reference to the Rs 13,000 crore Punjab Nationwide Financial institution fraud (File)

New Delhi:

A London courtroom on Monday rejected the bail utility filed by fugitive diamantaire Nirav Modi, the seventh such rejection by courts of the UK, officers mentioned in New Delhi.

Mr 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 yr on CBI’s extradition request, they mentioned.

“The repeated rejection of bail utility 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 mentioned.

His 4 earlier makes an attempt to get bail had been rejected by District Decide in Westminster Court docket of London final yr on March 20, March 29, Might eight and November 6.

Mr Modi’s two makes an attempt to get bail from the Excessive Court docket in London had been additionally rejected on June 12, 2019 and March 5, 2020, they mentioned.

His seventh utility got here earlier than the Westminster courtroom on Monday which was additionally rejected, the CBI mentioned.

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

(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)



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