A fugitive Indian businessman Nirav Modi on Friday was produced before the Westminster Court.
His Bail however was rejected by the court.
A fugitive Indian businessman Nirav Modi was produced before the Westminster Court on Friday ( 26th of April).
Mr. Modi was produced before the Westminster Court, London through Video Link for bail hearing.
His Bail however was rejected by the court.
The court further extended Modi’s judicial custody till 24th May, 2019.
Nirav Modi is a fugitive Indian businessman, wanted by the Interpol for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, Corruption, Money Laundering, fraud, embezzlement and breach of contract since August 2018.
Modi is being investigated in a $2 billion fraud case of Punjab National Bank and is also being sued in the State of California for US$4.2 million for defrauding Los Angeles entrepreneur, Paul Alfonso, over two custom diamond engagement rings that turned out to be lab diamonds.
In March 2018, Modi applied for bankruptcy protection in Manhattan, New York.
In June 2018, he was reported to be in the UK and has applied for political asylum in Britain.
Mr Modi is now under arrest in the UK
