UK court denies bail to Nirav Modi for third time
London, May 8: A UK court Wednesday denied for the third time bail to fugitive diamantaire Nirav Modi, the main accused in the Punjab National Bank fraud and money laundering case amounting to up to USD 2 billion.
Dressed in a light blue shirt and trousers, the 48-year-old appeared before Westminster Magistrates Court Chief Magistrate Emma Arbuthnot and sat behind a glass enclosure as the hearing got underway.
Modi's defence team doubled the bail security to 2 million pounds and offered he would stay on 24-hour curfew at his London flat.
"Conditions in Wandsworth (prison) are unliveable... Modi is willing to abide by any conditions you choose to impose," his barrister Clare Montgomery told the Judge during the lengthy hearing.
However, the judge was not convinced.
Judge Arbuthnot denied bail to Modi as she feared that he would fail to surrender.
Earlier, the Crown Prosecution Service (CPS), arguing on behalf of Indian authorities, said Modi should not be granted bail as the evidence presented by the defence does not amount to change of circumstances required to third bail application.
Modi's defence team, led by barrister Motgomery who was also the barrister for former Kingfisher Airlines boss Vijay Mallya in his extradition case - opposed the CPS claims of Modi being a flight risk.
He is believed to have been living in the UK on an Investor Visa, applied for in 2015 at a time when the so-called golden visa route was relatively easier for super-rich individuals to acquire residency rights in the UK based on a minimum of 2 million pounds investment.
He was denied bail by District Judge Marie Mallon at his first hearing on March 20 soon after his arrest by Scotland Yard officers from a central London bank branch as he tried to open a new bank account and has been in custody at HMP Wandsworth prison in south-west London since then.
He was denied bail a second time on March 29 by Chief Magistrate Arbuthnot who ruled that there were "substantial grounds" to believe that he would fail to surrender and also noted that "very unusually in a fraud case" the accused had made death threats to witnesses.
Modi and his uncle, Mehul Choksi, are the main accused in the PNB scam and they both left India before the details of the fraud came to light in January 2018. He is wanted by India in relation to the Rs 13,500-crore PNB fraud case.
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Report on Sambhal mosque survey likely to be submitted to local court; security tight in district
Sambhal(UP) (PTI): Security was stepped up across the district ahead of Friday prayers and the likely submission of a report on the survey of the Shahi Jama Masjid here by the court-appointed ASI team following claims that a temple once stood at the spot.
Tension has been brewing in Sambhal since November 19 when the court-ordered survey of the Shahi Jama Masjid was carried out following claims that a Harihar temple previously stood at the site.
Divisional Commissioner of Moradabad, Aunjaneya Kumar Singh said security measures have been reinforced at sensitive religious sites in the area and around the court in Chandausi.
The lawyer for the Hindu side, Gopal Sharma, said the court hearing on Friday will see the plaintiff's side present their reply, and the court commissioner is expected to submit the findings from the survey conducted on the disputed site.
"Our further action will be determined after the survey report is reviewed," Sharma said.
Shakeel Ahmed Warsi, the lawyer representing the Muslim side, said they are fully prepared to present their case.
"We have all the necessary evidence, and we will first request a copy of the survey report before strongly presenting our side in court," Warsi stated.
Violence erupted on November 24 as protesters gathered near the mosque and clashed with security personnel, leading to stone pelting and arson. Four people died and scores of others were injured in the violence.
The situation remains tense, and local authorities are closely monitoring the developments to maintain peace and order.
