Nirav Modi,London Court,Nirav Modi bail
Fugitive fraudster Nirav Modi, who is the main accused in the Rs 13,000 crore Punjab National Bank scam, has reportedly threatened to kill a key witness in the case and destroy evidence to evade arrest, the United Kingdom prosecutor, representing the Indian investigative agencies, told the Westminster Magistrates Court on Friday.
He was denied bail by the Westminster Magistrate's Court for the second time.
"There are substantial grounds to believe he will fail to surrender", said the judge, who fixed April 26 for next hearing. Nirav Modi has been accused for committing fraud and money landering of upto USA $ 2 billion.
According to government sources, India was adamant to not let Modi secure bail and had evidence to show how the businessman was not just a flight risk but could also subvert the process of justice.
The government argued that Nirav Modi is in plans to kill one of the witnesses and to destroy the evidence. "Due to nature of the business he had at his disposal diamonds gold and pearls", the Court also heard.
The defence is deliberating over that new file and the judge will review it before Modi is produced before her for his second bail application hearing around 12.30pm (local time).
Cadman also pointed to the resources at Modi's disposal, which were demonstrated by factors such as his application for an investment programme as a route to citizenship in the Pacific island of Vanuatu (which was declined by authorities there).
Polling stations close in Ukraine’s presidential election, vote count in progress
Ukraine's former prime minister, Tymoshenko, shaped her message around the economic distress of millions in the country. Crowds mobbed Zelensky making it hard for him to move around the polling station.
While hearing the case, the judge refused to grant Nirav Modi the conditional bail.
"The size and nature of these allegations is not a safe touchstone by which you can judge if he should be granted bail", said Montgomery, who claimed a series of "underlying issues" were behind PNB withdrawing insecure lending. These allegations largely convinced the court that Modi should be kept behind bars.
At the very start of the hearing, Judge Arbuthnot said she was getting a sense of "deja vu", in reference to her having ordered the extradition of Mallya in December a year ago. He has known since August 2018 that he is going to be extradited.
The Mallya case had been cast as a watershed moment for the way in which Indian authorities worked with Britain on extradition.
Modi, whose diamonds have adorned Hollywood stars such as Kate Winslet and Dakota Johnson, is among those accused of defrauding the bank in a case that has shaken confidence in a state banking sector that accounts for some 70 per cent of India's banking assets.
Cadman assured the court that the point had been conveyed to the Indian authorities. Nirav Modi, donning a mustache and a semi-beard, is present inside the court along with his lawyer Anand Doobay.
Taking up the mantle for India, Crown Prosecution Service barrister Toby Cadman submitted a fresh file in the case with additional material obtained from the Central Bureau of Investigation and Enforcement Directorate Officials who are in London to assist CPS in this case. The judge had denied him bail on grounds of the high value of funds embezzled and high access of escape.
Recommended News
-
31 March 2019Millions protest on Algerian streets demanding President Bouteflika’s resignation
However, Salah received backing from the main trade union and ruling FLN party, signalling Bouteflika's time was all and up. The protest started peacefully but later pressurized military to stabilize the situation of the country.
31 March 2019Cronos Group (CRON) Given New C$25.00 Price Target at Cormark
Historical volatility refers to the price fluctuations exhibited by the underlying asset (such as stock) over time. Since the start of the trading session, the stock has hit a high of 19.92 and dropped to a low of 17.71.
31 March 2019Sergio Garcia loses temper during WGC Match Play quarter-final
But when Kuchar added, "I didn't want that to be how a hole was won or lost", Garcia replied, "Well, you can concede a hole". Then a second birdie on No. 16 with a solid putt for Garcia cut Kuchar's lead to just one with two holes left. -
How to Upgrade Your Skills to MCSA: Windows Server 2016 Certification? ExamSnap Guide on Microsoft 70-743 Exam
Depending on your behavior, it can be determined whether or not you are using exam dumps and if so, penalties will be imposed. As you can see the retake policy is a bit lenient, but it is still wise to make sure that you pass at the first attempt.
31 March 2019United States personal incomes grow more slowly than expected in February
The BEA reported that the USA personal income rose 0.2 percent in February, while personal spending rose 0.1 percent. When adjusted for inflation, consumer spending gained 0.1 percent in January after dropping 0.6 percent in December.
31 March 2019Beyonce named entertainer of the year at NAACP Image Awards
Do you know what I could do with that light skin? "F-king running Hollywood! ". "What the hell was he thinking?" he continued. Jussie Smollett lost to " Grey's Anatomy " star Jessie Williams in the supporting actor in a drama series category. -
31 March 2019US Judge Overturns Revocation of Oil Drilling Ban in Arctic, Atlantic
That action by the Obama Administration prompted strong criticism from some Alaska politicians and oil companies that wanted to drill there.
31 March 2019National Basketball Association sets first regular-season game in Paris
The Hornets last played a preseason game in Paris in 1994, while the Bucks will be traveling to France for the first time.
31 March 2019Celtic 2-1 Rangers: Neil Lennon angry at Scott Brown treatment
James Forrest ruined the party in the 86th minute, though, winning the Old Firm with just minutes to play. Celtic had taken a first half lead through Edouard. -
Why Is PrepAway Considered to Be the Best Platform for Exam Dumps?
However, it’s not easy to tell which one of those sources offers authentic exam dumps that will help you pass your test. All you need to do is to identify the best site for exam dumps, and you will pass your certification test with flying colors.
31 March 2019Missing student's body found in New Zion
WIS reported that Josephson was reported missing by friends after she didn't return home or return phone calls. Thousands have shared the post, as well as sending their condolences to Mr.
31 March 2019May can not ignore MPs' backing for 'softer' Brexit, minister warns
He also played down the idea of a government of national unity, saying: "I don't in all honesty think that it is practical". The failure by Parliament to agree the terms of Brexit has left businesses unable to plan even a few weeks ahead.
