PNB fraud case: Nirav Modi further remanded to custody until February 27

Modi's extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin once all the evidence has been handed in to the court for the trial

Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case, was produced for a regular remand hearing at Westminster Magistrates' Court in London on Thursday and further remanded to custody until February 27.

The 48-year-old, who has been lodged at Wandsworth Prison in south-west London, appeared via videolink from prison before District Judge David Robinson.

“I am told that your case is proceeding in accordance with the directions for a final hearing on 11 May,” the judge told Modi, as he set the next 28-day remand hearing