UK court remands fugitive diamantaire Nirav Modi to custody till March 29

District Judge Marie Mallon denied bail to Modi and remanded him in custody till March 29, saying there was substantial grounds to believe that he would fail to surrender if granted bail

Nirav Modi, the main accused in the $2 billion PNB scam case, has been arrested in London where a court on Wednesday remanded the fugitive diamantaire in custody till March 29, saying there substantial grounds to believe that he would fail to surrender if granted bail.

"Nirav Deepak Modi, 48, was arrested on behalf of the Indian Authorities on Tuesday in Holborn," the Metropolitan Police said in a statement.

He was produced before the Westminster Magistrates' Court on Wednesday, where he contested his extradition to India.

District Judge Marie Mallon denied bail to Modi and remanded him in custody till