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U.K. Court Rejects Nirav Modi's Fresh Bail Application, Says CBI

  • On May 15, 2025, a London-based high-level court dismissed Nirav Modi's tenth request for bail while he continues to be held in the UK since March 2019.
  • Modi, a 55-year-old fugitive diamond merchant, fled India in January 2018 weeks before disclosure of the 13,000 crore Punjab National Bank fraud involving fraudulent letters of undertaking.
  • The Central Bureau of Investigation strongly opposed the bail plea and assisted the Crown Prosecution Service in London to defend the rejection during ongoing extradition proceedings.
  • Judge Michael Fordham stated there are substantial grounds to believe Modi would fail to surrender if released, while Modi’s lawyer cited threats and claimed Modi denies wrongdoing.
  • Modi’s extradition to India, approved by the UK High Court in 2022, represents a significant advance in India's effort to bring him to trial for charges including conspiracy, cheating, and money laundering.
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The Straits Times broke the news in Singapore on Thursday, May 15, 2025.
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