PNB fraud: UK court rejects Nirav Modi's bail plea, police custody extended till May 24

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The Economic Times | A Times Internet Limited product

A UK court on Friday further remanded till May 24 fugitive diamond merchant Nirav Modi who is undergoing extradition proceedings in Britain in the USD 1-billion Punjab National Bank (PNB) fraud and money laundering case.

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Watch PNB fraud: UK court rejects Nirav Modi's bail plea, police custody extended till May 24 With HD Quality.

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    PNB fraud: UK court rejects Nirav Modi's bail plea, police custody extended till May 24

    The Economic Times | A Times Internet Limited product

    A UK court on Friday further remanded till May 24 fugitive diamond merchant Nirav Modi who is undergoing extradition proceedings in Britain in the USD 1-billion Punjab National Bank (PNB) fraud and money laundering case.

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    Watch PNB fraud: UK court rejects Nirav Modi's bail plea, police custody extended till May 24 With HD Quality

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    In a setback to Nirav Modi, a UK court yet again rejected a bail plea of the fugitive diamond merchant on Wednesday despite an offer of an 'unprecedented bail package', which included 4-million pounds in security as well as house arrest akin to those imposed on terrorist suspects. The 48-year-old diamond merchant, who is fighting extradition to India on charges of nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was produced before Chief Magistrate Emma Arbuthnot at Westminster Magistrates' Court here for his fourth attempt at bail.

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    The Economic Times | A Times Internet Limited product

    A UK court today rejected the bail plea of fugitive billionaire jeweller Nirav Modi as he posed a significant flight risk and had even issued death threats to witnesses related to his fraud and money laundering case

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    Fugitive diamond merchant Nirav Modi was denied bail by a UK court on Wednesday for the third time in his extradition case to India to face charges in the Punjab National Bank fraud & money laundering case amounting to up to USD 2 billion and will continue to be lodged in a London jail described by his lawyers as 'unliveable'.

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    A UK court on Thursday extended till July 25 the remand of fugitive diamond merchant Nirav Modi, who is wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.




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