Fugitive businessman Nirav Modi, incarcerated in London for over 5 years, confronted one other setback as his newest bail utility was rejected by a UK choose on Tuesday. District Decide John Zani dominated that Modi continued to pose a “substantial” danger of absconding justice, information company PTI reported. The 52-year-old diamond service provider, embroiled in fraud and cash laundering expenses in India, didn’t personally seem for the bail listening to at Westminster Magistrates Court docket. Nonetheless, his son and two daughters have been current within the gallery.
In response to PTI, Decide Zani acknowledged the change in circumstances since Modi’s final bail utility three and a half years in the past however remained unconvinced about granting bail. “I’m happy that there stay substantial grounds towards bail. There continues to be an actual, substantial danger that the applicant [Nirav Modi] would fail to attend court docket or intrude with witnesses,” he said in his judgment.
Highlighting the gravity of the case, Decide Zani remarked, “This case entails, by any footing, a really substantial fraud allegation… not one the place bail will be granted and the applying is refused.”
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Nirav Modi Concerned In ‘Confidential’ Proceedings
In the course of the listening to, it was famous that Nirav Modi had misplaced his authorized battle towards extradition however was concerned in “confidential” proceedings initiated by him, probably indicating an asylum utility, in response to PTI’s report. The Crown Prosecution Service (CPS), representing the Indian authorities, dismissed claims that the UK House Secretary could “by no means be capable to order extradition”.
CPS barrister Nicholas Hearn emphasised the magnitude of the alleged fraud, stating, “He has demonstrated his full willpower to not face the allegations in an Indian court docket and it’s no exaggeration to say the fraud in query is over USD 1 billion, of which solely USD 400 million has been seized. Due to this fact, he may nonetheless have entry to important sources in numerous jurisdictions”, as quoted by PTI
