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The High Court of England and Wales today reportedly dismissed a bail application filed by Nirav Modi in relation to his extradition to India.
Modi, prime accused in the PNB Scam, has been in jail since March 2019.
In his fifth bail request, Modi reportedly offered to obey "exceptionally stringent bail conditions" such as house arrest and 24-hour monitoring. However, the High Court declined the request.
Judge William Dove, who was hearing the case, acknowledged the enhanced bail package of a 4 million pound security deposit. However, he referred to previous times the courts rejected Modi's bail, given his access to considerable resources to enable him to abscond.
Modi was represented by Edward Fitzgerald. Nicholas Hearn represented India.
This is the fifth time that Modi's bail plea has been rejected by courts in the United Kingdom.
Modi was arrested by the London Police on March 19 last year, after which he was produced before the Westminster Magistrate’s Court. The Court had issued a warrant for Modi’s arrest in response to a request from India’s Enforcement Directorate.
On March 20, District Judge (Magistrates’ Courts) Marie Elizabeth Mallon denied him bail.