A British court rejected a fugitive diamond trader Nirav Modi’s plea for bail for the fifth time.
Nirav Modi, a fugitive diamond businessman accused of the Rs 14,000 crore Punjab National Bank (PNB) scam, will remain in prison in the UK for the time being. India requested the extradition of Nirav Modi in the PNB scam and the money laundering case.
At the same time, the Brihanmumbai Municipal Corporation (BMC) has attached three of the four properties of Nirav Modi to recover the property tax of Rs 9.5 crore.
The Law Enforcement Department (ED) is currently auctioning three of Nirav Modi’s four properties. These include three commercial properties and one residential property.
The BMC wrote to the Directorate of Execution asking it to pay property taxes as soon as possible.
Explain that in November of last year, Nirav requested that the court be censored at his home, citing suspected terrorists in jail and his mental condition.
Nirav Modi’s plea was rejected by Chief Justice Emma Arbathanot, saying that witnesses could be affected and that he could also flee. This will affect the trial.
Nirav Modi was arrested in London in March 2019. He has been in prison since then.