U.K. court rejects Nirav Modi's fresh bail application, says CBI
The Hindu
High Court of Justice in London rejects bail petition of Nirav Modi, wanted in India for PNB fraud case.
The High Court of Justice in London on Thursday (May 15, 2025) rejected a fresh bail petition filed by diamantaire Nirav Modi, who is held in a prison there and wanted in India in the ₹13,000 crore Punjab National Bank (PNB) fraud case orchestrated with his businessman uncle Mehul Choksi.
Mr. Modi approached the court seeking his release on bail pending the decision on his extradition request, officials said.
"Fresh bail petition filed by Nirav Deepak Modi was rejected Thursday by the High Court of Justice, King's Bench Division, London. The bail arguments were strongly opposed by the Crown Prosecution Service advocate, who was ably assisted by a strong CBI team consisting of investigating and law officers who travelled to London for this purpose," the CBI said in a statement here.
Mr. Modi, 55, is lodged in a U.K. prison since March 19, 2019. He is accused of siphoning off ₹6,498.20 crore of the total scam amount.
His extradition has already been approved by the High Court of U.K. in favour of the Government of India, the agency said.
"This was his 10th bail petition since his detention in the U.K., which was successfully defended by the CBI through the Crown Prosecution Service, London," the agency said.
Mr. Modi's uncle Mehul Choksi, a co-accused in the PNB fraud case, was arrested by authorities in Belgium where he had gone for treatment, it said.
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