Fugitive diamond merchant Nirav Modi intends to appeal for bail in UK High Court


Fugitive diamond merchant Nirav Modi, undergoing extradition proceedings in the UK, intends to appeal for bail in the UK High Court after a second bail application was rejected by a lower court in London last week in the USD 1-billion Punjab National Bank (PNB) fraud and money laundering case. The Crown Prosecution Service (CPS), which represents the Indian authorities through the extradition process in the UK courts, said the 48-year-old intends to appeal against Judge Emma Arbuthnots decision to turn down his bail plea at the end of a hearing at Westminster Magistrates Court last Friday on the grounds that there was a The diamond merchant, who has been behind bars at HMP Wandsworth in south-west London ever since his first bail application was rejected on March 20, can apply for a High Court bail appeal at any time until his next remand hearing on April 26. However, his legal team must give the CPS 48 hours notice and the bail hearing must be listed within 48 hours of the appeal being lodged in the higher court. It remains to be seen how Modis legal team is able to further bolster the bail application after Chief Magistrate Arbuthnot ruled that 1 million pounds offered as security for bail as well as the offer to meet stringent electronic tag restrictions on their clients movements, akin to house arrest, were not sufficient to convince her that he did not pose a flight risk. I am not persuaded that the conditional bail sought will meet the concerns of the government of India in this case, The court was told that Modis son, who had been at a school in London, had now left for higher studies in the US, which led the judge to conclude that Modi not only had a Modis attempt to acquire the citizenship of Vanuatu in late 2017 also went against him as the judge said it seemed like he was trying to Clare Montgomery, Modis barrister, had made a series of offers to try and convince the judge to grant bail, even bringing up his pet dog. None of these actions are emblematic of someone setting out to flee the country, He does not have a safe haven open to him and he has not travelled or applied for citizenship elsewhere.he only qualifies for leave to remain in this country, CPS barrister Toby Cadman told the judge that there was a Judge Arbuthnot accepted the Indian governments arguments, noting the The court was told that Modi was the principal beneficiary of the fraudulent issuance of letters of undertaking (LoUs) as part of a conspiracy to defraud PNB and then laundering the proceeds of crime.

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