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UK High Court denies bail to fugitive diamond merchant Nirav Modi

BS Web Team & Agencies/New Delhi 12 Jun 19 | 03:09 PM

The UK High Court on Wednesday denied bail to fugitive diamond merchant Nirav Modi. 

Denying Nirav Modi's plea against a lower court's order to deny him bail, a UK judge said that there was substantial ground to believe that he would fail to surrender in the nearly $ 2 billion Punjab National Bank (PNB) fraud and money laundering case.

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During the hearing, which began Tuesday, Modi's legal team had repeated many of its assertions from previous three bail pleas before Westminster Magistrates' Court to claim that the 48-year-old diamond merchant did not pose a "substantial" flight risk, as claimed by the Indian government. 

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