Nirav Modi's bail denied, will be in custody till March 29

March 20, 2019 18:28

The Westminster court has denied bail to Nirav Modi; the fugitive jeweller will be in jail till March 29.

Fugitive jeweller Nirav Modi, prime accused in the Rs 13,000-crore PNB fraud case, was earlier arrested in in central London's Holborn area.

Nirav Modi and his uncle Mehul Choksi are the prime accused in the bank scam involving fake guarantees in the name of the state-run lender PNB to secure loans overseas. Both left India in January last year before the CBI started investigating the PNB scam.

Earlier this month, Nirav Modi was seen walking in London by a reporter of British newspaper The Telegraph. In a two-minute clip shared by the newspaper, the billionaire, was seen wearing a much-talked about expensive ostrich hide jacket, repeatedly said "no comments".

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