A United Kingdom (UK) court on Friday (26 April) rejected the bail plea of fraud accused diamond merchant Nirav Modi, India Today has reported.
The next date of hearing has been scheduled at 24 May with a full heating happening six days later on 30 May. This means that Nirav Modi would remain in jail at least till 24 May.
Nirav Modi is currently in the custody of British officials over his alleged involvement in the Rs 14,000 crore PNB scam.
He the prime accused in the scam, and his arrest was made days after a London court had issued an arrest warrant against him, reverting to an appeal by the Enforcement Directorate (ED) for his deportation in the money laundering case.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.