A UK judge, who denied bail to Nirav Modi for a third time, remained unconvinced that his community ties to Britain were strong enough to not make him a flight risk even though the fugitive diamond merchant was willing to double his security to 2 million pounds and live on a strict 24-hour curfew at his posh apartment in London.
The 48-year-old, wanted in India as the main accused in the Punjab National Bank (PNB) fraud and money laundering case amounting to up to $2 billion, is back in prison after his bail was denied on Wednesday by Westminster Magistrates'