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3mo ago

UK Court Rejects Nirav Modi’s 10th Bail Plea, Citing High Absconding Risk

The High Court reaffirmed a strong prima facie case against Modi in the $1.015 billion Punjab National Bank fraud and money laundering case, highlighting witness interference and evidence destruction.

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Purvi said that on account of being Nirav Modi’s sister, she could provide “substantial and important evidence, information, proof, and documents and access to bank accounts, assets, companies and entities that are relevant to Nirav Modi
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Overview

  • Nirav Modi’s 10th bail application was denied by the UK High Court on May 15, 2025, with the judge citing substantial grounds to believe he would abscond if released.
  • The court emphasized that UK courts have twice concluded there is a strong prima facie case against Modi for his alleged role in defrauding Punjab National Bank of ₹6,498 crore.
  • Justice Michael Fordham noted allegations of witness tampering and the destruction of evidence, including mobile phones and servers, in early 2018 while Modi was in the UK.
  • Indian agencies argued that Modi, as the lead perpetrator, could access $600 million in untraced funds from the fraud if released on bail.
  • Modi has been in UK custody since March 2019, with his extradition to India approved but pending confidential government proceedings.