Nirav moves UK HC for bail

London, May 31

Nirav Modi, wanted in India on fraud and money laundering charges amounting to nearly USD 2 billion, on Friday applied for bail in the UK High Court, a day after a British court extended his remand till June 27.

The UK’s Crown Prosecution Service (CPS), which represents the Indian government in the extradition case, said the hearing of Modi’s bail plea will take place at the Royal Courts of Justice in London on June 11.

The 48-year-old has been denied bail in three previous attempts as the judge ruled there was “substantial risk” that he would fail to surrender and deemed the bail security offered as insufficient. — PTI

from The Tribune http://bit.ly/2WJ9yoJ
via Today’s News Headlines