LONDON: A UK court on 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. (AGENCIES)