Latest news with #NiravDeepakModi
India Gazette
16-05-2025
- Business
- India Gazette
UK Court rejects Nirav Modi's fresh bail petition: CBI
New Delhi [India], May 16 (ANI): In a significant development, the High Court of Justice, King's Bench Division, London, on Thursday rejected a fresh bail petition filed by Nirav Deepak Modi. Modi, who has been lodged in a UK prison since March 19, 2019. He is wanted in India for his involvement in the Rs 6,498.20 crore Punjab National Bank fraud case. In a press release issued on Thursday, the Central Bureau of Investigation (CBI) stated, 'Fresh Bail Petition filed by Nirav Deepak Modi was rejected today by the High Court of Justice, King's Bench Division, 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.' 'Central Bureau of Investigation (CBI) could successfully defend the arguments which resulted in rejection of the bail. Nirav Deepak Modi is in UK prison since 19th March 2019. It may be recalled that Neerav Modi is a fugitive economic offender who is wanted for Trial in India in a Bank fraud case of CBI for defrauding Punjab National Bank for Rs. 6498.20 crore,' the release added. The CBI further said that his extradition has already been approved by the High Court of the UK in favour of the Government of India. 'This is his 10th bail petition since his detention in UK which was successfully defended by CBI through Crown Prosecution Service, London,' CBI said. India has been working for the extradition of Nirav Modi, who was arrested in March 2019 by British authorities in London. Nirav Modi and his uncle Mehul Choksi are the main accused in the PNB scam. The Enforcement Directorate (ED) had in 2018 registered a Prevention of Money Laundering Act (PMLA) case against Nirav Modi, Mehul Choksi and others in the Punjab National Bank (PNB) fraud case. During the investigation, several searches were conducted which led to the seizure of diamonds, gold, pearls and precious and semi-precious stones. In December 2022, Nirav Modi lost his plea to move the UK Supreme Court against his extradition to India on charges of fraud and money laundering. The diamantaire had fled India in 2018 before details of his 'involvement in large-scale fraud' at the Punjab National Bank became public. (ANI)
India Today
15-05-2025
- Business
- India Today
Nirav Modi's bail plea rejected again after CBI's strong opposition in UK court
A fresh bail petition filed by fugitive diamond trader Nirav Deepak Modi was on Thursday rejected by the High Court of Justice, King's Bench Division, London. This is the tenth bail petition since his detention in the UK, which was successfully defended by the CBI through Crown Prosecution Service, bail arguments were strongly opposed by the Crown Prosecution Service Advocate, who was ably assisted by a strong Central Bureau of Investigation (CBI) team consisting of investigating and law officers who travelled to London for this CBI successfully defended the arguments which resulted in the rejection of the Modi, who has been languishing in a UK jail since 2019, is a fugitive economic offender who is wanted for trial in India in the Rs 6,000 crore Punjab National Bank fraud extradition has already been approved by the High Court of the UK on India's December last year, Union Finance Minister Nirmala Sitharaman revealed that properties worth Rs 1,052.58 crore from the Nirav Modi case were handed back to both public and private came after the Enforcement Directorate attached assets worth Rs 29.75 crore belonging to Nirav Modi and his group of companies in September 2024. These attached assets included immovable properties and bank attachments added to the previously attached assets valued at Rs 2,596 crore located in India and abroad. In addition, a Special Court in Mumbai also confiscated assets worth Rs 692.90 crore under the Fugitive Economic Offenders Act, ED investigation into the PNB fraud case was initiated following an FIR by the Central Bureau of Investigation (CBI). The investigation resulted in the identification and attachment of several domestic assets belonging to Nirav Modi and his associates under the Prevention of Money Laundering Act (PMLA), Watch
New Indian Express
15-05-2025
- Politics
- New Indian Express
UK High Court rejects Nirav Modi's fresh bail application: CBI
NEW DELHI: The High Court of Justice, King's Bench Division in London has rejected fugitive Indian diamond merchant Nirav Deepak Modi's latest bail petition, the 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 premier probe agency said, the bail petition has been rejected by the High Court of Justice, King's Bench Division, London after hearing Modi's bail arguments, which were strongly opposed by the Crown Prosecution Service with the help of a CBI, who were sent to London to pursue the case. '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 agency said.
United News of India
15-05-2025
- Business
- United News of India
UK Court rejects Nirav Modi bail plea for 10th time in Rs 6,498 cr India bank fraud case
Chennai/New Delhi, May 15 (UNI) A Court in London on Thursday night (IST time) rejected the bail plea of industrialist Nirav Deepak Modi, languishing in UK jail since 2019 and wanted for trial in India in a bank fraud case filed by the CBI. A CBI release tonight said the fresh Bail Petition filed by Nirav Deepak Modi was rejected today by the High Court of Justice, King's Bench Division, 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. It said the CBI could successfully defend the arguments which resulted in rejection of the bail. Neerav Deepak Modi is in UK prison since March 19, 2019. It may be recalled that Neerav Modi is a fugitive economic offender who is wanted for Trial in India in a Bank fraud case of CBI for defrauding Punjab National Bank for Rs. 6498.20 crore. His extradition has already been approved by the High Court of UK in favour of the Indian Government. This is his 10th bail petition since his detention in UK which was successfully defended by the CBI through Crown Prosecution Service, London. UNI GV 2320
News18
15-05-2025
- Business
- News18
Nirav Modi's Fresh Bail Petition Rejected By UK Court, Says CBI
Last Updated: 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. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated!
