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NEW DELHI: A London court on Wednesday rejected fugitive diamond service provider Nirav Modi's bail plea in connection with the multi-billion buck Punjab National Bank (PNB) scam. This was Nirav's fourth attempt to search bail.

Nirav, sought after in India on fraud and money laundering fees amounting to nearly $2 billion (Rs 14,000 crore), had on May 31 applied for bail in the UK prime court, after a British court prolonged his remand till June 27.

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The key reasons that the court seen for not granting bail to Nirav come with the alleged interference with witnesses, which came about in Cairo, then alleged destruction of server in Dubai and also destruction of cellphones belonging to the dummy administrators, which reportedly took place in 2018.

It also famous the rise in bail surety, beginning at 500,000 kilos and ending up at 2 million kilos, in earlier hearings which it seems that recommended that the accused "has the means to abscond".

The UK's Crown Prosecution Service (CPS) is representing the Indian government in the extradition case and the listening to of Nirav's bail plea took place at the Royal Courts of Justice in London on June 11.

The pass judgement on concluded the listening to on Tuesday and announced the decision on June 12.

Nirav was arrested via Scotland Yard officers in London on March 19 and faces extradition to India as the "principal beneficiary" of the fraudulent issuance of letters of enterprise (LoUs) as part of a conspiracy to defraud the PNB after which laundering the cash.

The 48-year-old has been lodged at Wandsworth jail in south-west London since his arrest.

Nirav and his uncle Mehul Choksi, some other accused on this case, had left the rustic in January remaining yr, a lot sooner than the rustic's biggest-ever scam was unearthed.

Earlier, a UK court had directed the Indian government to substantiate which jail Nirav is to be held in if he had been to be extradited to India.

High security mobile kept ready in Mumbai jail for Nirav Modi

Authorities at the Arthur Road jail here have kept 'barrack no. 12' ready if fugitive diamond service provider Nirav Modi is extradited from the UK in connection with the $2 billion PNB fraud and money laundering case, a home department reliable said on Tuesday.

In reaction, a top Indian reliable said on Tuesday that authorities at the Arthur Road jail here have kept 'barrack no. 12' ready if fugitive diamond service provider Nirav is extradited from the UK.

The jail department also assured that Nirav can be kept in a mobile the place the number of other detainees is not more than three, the reliable added.

(With company inputs)

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