PNB scam: London court rejects Nirav Modi's bail application for 7th time

Modi's two attempts to get bail from the High Court in London were also rejected on June 12, 2019 and March 5, 2020

A London court on Monday rejected the bail application filed by fugitive diamantaire Nirav Modi, the seventh such rejection by courts of the United Kingdom, officials said here.

Modi, who is wanted in connection with the Rs 13,000 crore Punjab National Bank fraud perpetrated by him and his uncle Mehul Choksi, was arrested in London on March 19 last year on CBI's extradition request, they said.

"The repeated rejection of bail application is a result of excellent coordination among the CBI, External Affairs Ministry and Crown Prosecution Service of the United Kingdom," a senior official of the agency said.

His four previous attempts