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PNB Fraud Case; Nirav Modi Arrested Updates: UK court refused bail to diamantaire saying he may not surrender, say reports

PNB Fraud Case; Nirav Modi Arrested LIVE Updates: District Judge Marie Mallon remanded Nirav Modi in custody till 29 March, saying there was substantial grounds to believe that he would fail to surrender if granted bail.

FP Staff March 20, 2019 19:08:41 IST
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PNB Fraud Case; Nirav Modi Arrested Updates: UK court refused bail to diamantaire saying he may not surrender, say reports

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LIVE NEWS and UPDATES

Mar 20, 2019 - 18:46 (IST)

'Who Snoozed? Bada Modi!': RS Surjewala takes dig at PM over Nirav Modi case

Sharing a timeline of developments in the Nirav Modi case, Congress spokesperson Randeep Singh Surjewala claimed that it was "Bada Modi" Prime Minister Narendra Modi who "snoozed".

Mar 20, 2019 - 18:44 (IST)

A look at Nirav Modi arguments in bail plea

Apart from claiming that the charges against him were politically motivated, Nirav Modi said in the bail plea that he has a 5-year-old child to look after. He also offered £ 500,000 as security deposit. However, District Judge Marie Mallon denied bail to Modi and remanded him in custody till 29 March, saying there was substantial grounds to believe that he would fail to surrender if granted bail.

Mar 20, 2019 - 18:35 (IST)

Westminster court feels Nirav Modi can flee UK

India Today reported that the Westminster court rejected Nirav Modi's bail plea because he is too much of a "flight risk", which means he has a lot of money and the motivation to flee.

Mar 20, 2019 - 18:24 (IST)

Westminster court rejects Nirav Modi's bail plea

In a major setback to Nirav Modi, the Westminster court rejected his bail application on Wednesday. According to India Today, he will be in custody of the metropolitan police in London till 29 March, when a hearing in the extradition case will be held.

Mar 20, 2019 - 18:19 (IST)

Hearing underway on Nirav Modi's bail plea

In his bail petition, Nirav Modi argued that the charges against him were politically motivated. He also claimed that he was cooperating with the Indian agencies in the probe.

Mar 20, 2019 - 17:53 (IST)

Westminster court posts matter for hearing on 29 March

The case on fugitive diamantaire Nirav Modi's extradition was adjourned in the Westminster court till 29 March. According to reports, Nirav Modi appeared in court during the hearing and refused consent to extradition.

Mar 20, 2019 - 17:49 (IST)

Nirav Modi produced in Westminister court

Fugitive diamantaire appeared in Westminster court, where the case will be allocated to a chief magistrate.

Mar 20, 2019 - 17:37 (IST)

Lawyer representing ED also appeared for it in Mallya case, say reports

Reports said  that the Enforcement Directorate is being represented in Westminster court by Mark Summers, the lawyer who also represented it in Vijay Mallya's case. Interestingly, both the fugitive businessmen also have the same defense lawyer, Anand Doobay.

Mar 20, 2019 - 17:26 (IST)

'Who let Nirav Modo go?': Priyanka Gandhi takes dig at BJP

Congress leader Priyanka Gandhi lashed out at the BJP for claiming that Nirav Modi's arrest was an "achievement". "Ye achievement hai? Jaane kisne diya tha? (Is this an achievement? Who let him go?),' she said.

Mar 20, 2019 - 17:20 (IST)

Enforcement Directorate tweets about PMLA court's decision

Earlier in the day, the Enforcement Directorate obtained permission from a special court in Mumbai to sell 173 paintings and 11 vehicles "beneficially owned" by Nirav Modi.

PNB Fraud Case; Nirav Modi Arrested LATEST Updates: In a major setback to Nirav Modi, the Westminister court on Wednesday rejected his bail application. Apart from claiming that the charges against him were politically motivated, Nirav Modi said in the bail plea that he has a 5-year-old child to look after. He also offered £ 500,000 as security deposit. However, District Judge Marie Mallon remanded him in custody till 29 March, saying there was substantial grounds to believe that he would fail to surrender if granted bail.

The case on Nirav Modi's extradition was earlier adjourned in the Westminster court till 29 March. According to reports, Nirav Modi appeared in court and refused consent to extradition.

National Conference leader Omar Abdullah tweeted on fugitive diamond merchant Nirav Modi's arrest and said, "It’s amusing to see the BJP falling over itself to credit the prime minister with the Nirav Modi arrest while completely ignoring the fact that it was The Telegraph of London and it’s correspondent who found Nirav Modi, not the prime minister and his agencies."

Nirav Modi is to be produced before a magistrate court in London at 4.50 pm IST. Speaking to reporters on Nirav Modi's arrest, Congress leader Ghulam Nabi Azad said, "They (BJP) had only helped him flee the country, and now they are bringing him back. They are doing this for the Lok Sabha election, and they will send him back (to London) after election."

India Today reported that Nirav Modi spent the night in police custody after he was arrested on Tuesday. The arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering case.

A PMLA court in Mumbai has permitted the Enforcement Directorate to sell 173 paintings and 11 cars belonging to Nirav Modi. The court also issued a non-bailable warrant against Ami, the wife of fugitive diamantaire Nirav Modi, the main accused in the $2 billion PNB scam case. Nirav Modi was arrested on Wednesday by Scotland Yard in London.

The arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering case.

PNB Fraud Case Nirav Modi Arrested Updates UK court refused bail to diamantaire saying he may not surrender say reports

A screenshot of the Telegraph's video, showing Nirav Modi in London on Friday.

"Nirav Deepak Modi, 48 (Date of Birth 24.02.71), was arrested on behalf of the Indian Authorities on Tuesday, 19 March, in Holborn," the Metropolitan Police said in a statement.

"He will appear in custody at Westminster Magistrates' Court on Wednesday, 20 March," the statement added.

The location of the arrest indicates that Nirav Modi, wanted in India in connection with the Rs 13,500 crore Punjab National Bank scam case, was arrested from where he is believed to have been living in a plush apartment in Centre Point in the West End.

It would seem that his arrest is on an extradition warrant, details of which would become clear when he appears before Westminster Magistrates' Court in London.

The CBI sources on Tuesday said expeditious efforts were being made to get absconding jeweller Nirav Modi extradited from the United Kingdom,

They said an extradition request has been sent to the United Kingdom through the External Affairs ministry.

Highly placed sources said no new intimation had come to the agency after his spotting in London by some television channels Tuesday.

These are legal processes which take their own time, they said, adding the CBI will provide every possible assistance to the UK agencies to expedite his extradition request which is open.

With PTI inputs

Updated Date:

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