Nirav Modi bail: Court to deliver verdict today

June 12, 2019 07:44

The Royal Courts of Justice in London on Tuesday concluded the hearing of diamond merchant Nirav Modis petition for bail in the extradition case against him.

The judge said the ruling, which is a matter of some importance would be delivered on Wednesday.

Modi was arrested in London on March 19 for allegedly duping Indias Punjab National Bank of more than Rs 13,000 crore. Modis arrest had come days after an arrest warrant was issued by authorities in London.

He has been lodged at the Wandsworth prison in London since his third attempt at seeking bail was rejected during a hearing earlier this month at the Westminster Magistrates Court. On May 31, the court extended his custody till June 27.

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