London Court blocks Nirav Modi’s bail plea yet again in Rs 6,000 Cr fraud case

Nirav Modi, the businessman at the center of a massive financial scam involving Punjab National Bank, has once again failed to secure bail from a UK court. Accused of defrauding the Indian bank of over Rs 6,000 crore, Modi has been lodged in a British prison since 2019, awaiting extradition.

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His legal team had recently approached the King’s Bench Division of the London High Court with a fresh request for bail. However, prosecutors representing the UK’s Crown Prosecution Service, acting on behalf of Indian authorities strongly objected, arguing that Modi poses a flight risk due to the seriousness of the case. The court, agreeing with these concerns, declined the plea.

Indian investigators and legal experts who had previously traveled to the UK had made it clear that bail must be opposed at all costs. The prosecution echoed this stance during the hearing, insisting that granting him bail would compromise legal proceedings. The Central Bureau of Investigation (CBI), which is handling the investigation in India, fully backed this argument.

Modi is wanted in connection with one of India’s largest-ever banking scams. After the fraud came to light, he fled the country and has been resisting extradition from the UK ever since. With his latest bail application being dismissed, Modi will remain behind bars while the legal process continues.