Nirav Modi is wanted in India for nearly two billion dollars in bank fraud. He was arrested in London in March and has since been in jail.
London| The custody of fugitive diamond trader Nirav Modi has been extended by the UK court till 17 October. Earlier, his detention was extended to 19 September. Nirav Modi is in jail in Britain. A hearing on his extradition to India is expected in May next year.
Fugitive diamond businessman Nirav Modi wanted in a two-billion-dollar fraud and money laundering case with Punjab National Bank was scheduled to appear in a UK court on Thursday via a video link. Jailed in London, Modi appeared before the court for a regular custody hearing.
Judge Tan Ikram of Westminster’s magistrate court held a brief hearing of the case via video link. He told Nirav Modi that the next hearing would be held on September 19 via video link and only then the dates of extradition hearing would be given. Ikram asked the court clerk to confirm the motion to start the five-day extradition hearing from 11 May 2020.
Nirav Modi is wanted in India for nearly two billion dollars in bank fraud. He was arrested in London in March and has since been in local Wandsworth imprisonment. Based on UK law, he is produced in court after every four weeks to extend the period of detention.
Earlier in a previous appearance, Chief Justice Emma Arbhannot indicated that the two sides could soon agree on a proposed five-day hearing for extradition. This hearing was also conducted through video link.
The court has rejected Nirav Modi’s bail plea many times before. Last month, the High Court of Britain also rejected Nirav Modi’s bail plea. This was his fourth bail plea.