Brief by Shorts91 Newsdesk / 09:15pm on 15 May 2025,Thursday India Global
A UK court has once again denied bail to Nirav Modi, the prime accused in the ₹13,850 crore Punjab National Bank fraud case. This was Modi's 10th bail attempt since his arrest in London in 2019. The High Court of Justice, King’s Bench Division, rejected the plea, citing a “real and substantial” flight risk. Modi, declared a fugitive economic offender in 2019, has exhausted all legal appeals, including at the UK Supreme Court. The CBI and Crown Prosecution Service strongly opposed the bail. Modi faces three criminal cases in India involving fraud, money laundering, and tampering with evidence and witnesses. (PC: Hindustan Times)
