Nirav Modi's Fresh Bail Petition Rejected By UK Court, Says CBI
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Nirav Modi, who has been facing fraud and money laundering charges in India, has been in prison in London for nearly six years after losing his extradition battle.
In a major setback for fugitive Indian diamond merchant and businessman Nirav Deepak Modi, his latest bail petition was rejected by London High Court, Central Bureau of Investigation (CBI) said on Thursday.
Modi, who has been facing fraud and money laundering charges in India, has been in prison in London for nearly six years after losing his extradition battle.
The probe agency said that the bail petition has been rejected by the High Court of Justice, King's Bench Division, London. It said that the bail arguments were strongly opposed by the Crown Prosecution Service with the help of a CBI team which had travelled to London.
'The bail arguments were strongly opposed by the Crown Prosecution Service advocate who was ably assisted by a strong CBI team consisting of investigating and law officers who travelled to London for this purpose. CBI could successfully defend the arguments which resulted in the rejection of the bail," the probe agency said.
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Or can the supposed converse of peace, namely war, be taken as any adversarial interaction in which rivals compete using any and all methods whatsoever, be they military or otherwise? Wars today are economic, social, cultural and ideological, and may even be waged using food and yes, even water as weapons. War is everywhere. It is a system of rewards and consequences for winners and losers. It is not very different from the jungle world of predators and prey. Corporate wars that eat local businesses and pharma wars that threaten millions with manipulating health diagnostics are today's wars. Like all wars they are unacceptable because in one way or the other they threaten the harmony of daily life. International relations today have become fraught, fickle, transactional and transient as the world discards the so-called rules-based-order and moves towards a no-rules-whatsoever-disorder. The global situation today is truly dynamic. 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This is relevant because at the core of entrepreneurship is a confidence that can only come from a certain degree of self-awareness. In times of war, this self-realisation can and must only become more robust. Even with the highest potential and capability, Arjuna did not have integrity of purpose on the eve of the war. Only this could lead to clarity and coherent action on his part. For him to acquire this and carry out his dharma, it needed The Creator Himself to remove the shadows of doubt that had come upon the highest warrior on the planet at the time. As for integrity, it is immanent in an individual and war is a mere test of its manifestation. It matters not if one is in a classroom, a boardroom or a war room. What a war needs is warriors. Will the MSMEs and VCs of today's Bharat rise to the occasion? Gautam Desiraju is in the Indian Institute of Science, Bengaluru and in UPES, Dehradun. Duke Vashisht is founder of Orbitonormics Research, and is based out of Gurugram. Views expressed in the above piece are personal and solely that of the authors. They do not necessarily reflect News18's views. tags : entrepreneurship MSMEs in India Location : New Delhi, India, India First Published: June 11, 2025, 14:46 IST News opinion Opinion | Indian Entrepreneurship In Times of War
