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UK High Court Rejects Nirav Modi's 10th Bail Plea in $1 Billion PNB Fraud Case

The fugitive diamantaire remains in UK custody as efforts to extradite him to India move forward, with his latest bail plea denied on May 15, 2025.

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In his latest petition, Nirav Modi claimed he would not flee the UK, citing alleged threats to his life from the Indian government. | Image: X

Overview

  • Nirav Modi, the prime accused in the $1 billion Punjab National Bank fraud, has been denied bail for the 10th time since his detention in 2019.
  • The UK High Court rejected his latest bail application during a hearing on May 15, 2025, citing his significant flight risk and the gravity of the fraud charges.
  • Modi has been lodged in a UK prison since March 19, 2019, with his extradition to India already approved by the UK High Court in December 2022.
  • Indian agencies, including the CBI and ED, have worked closely with UK authorities, highlighting Modi's alleged laundering of funds through shell companies.
  • The case also involves parallel extradition efforts for his uncle and co-accused, Mehul Choksi, who was recently arrested in Belgium.