Nirav Modi case: Fugitive diamantaire denied bail by London’s Westminster Magistrate courtroom; subsequent listening to on 26 April
The Crown Prosecution Service (CPS) had advised the courtroom that Modi shouldn’t be granted bail as a result of he posed a major flight danger and had even issued demise threats to witnesses associated to his fraud and cash laundering case.
The 48-year-old diamond service provider was denied bail by District Judge Marie Mallon at his first listening to quickly after his arrest by Scotland Yard officers from a central London financial institution department as he tried to open a brand new checking account and has been in custody on the HMP Wandsworth jail in south-west London since final Wednesday. The subsequent listening to is on 26 April.
Toby Cadman, representing crown prosecution on behalf of Indian authorities, in closing submission at London’s Westminster Magistrate courtroom mentioned, Nirav Modi is not cooperating with Indian businesses and there is danger he’ll fly out.
He mentioned, in case Nirav Modi will get bail, we’ll enchantment towards it within the High Court. We will do the whole lot to maintain him in.
At his first courtroom look after his arrest final week, the Crown Prosecution Service (CPS), arguing on behalf of the Indian authorities, advised the courtroom that Modi is needed for alleged “high value and sophisticated” fraud and cash laundering amounting to $2 billion.
Describing him because the “opposite of a flight risk” in the course of the first bail software listening to final week, Modi’s defence workforce had supplied 500,000 kilos as safety and likewise submitted to any stringent situations which may be imposed upon their consumer.
Modi was arrested by uniformed Scotland Yard officers from a Metro Bank department in central London as he tried to open a brand new checking account on March 19. During his first courtroom look a day after, it emerged that the diamantaire accused of defrauding India’s state-owned Punjab National Bank (PNB) through fraudulent Letters of Undertaking (LoUs) had been in possession of a number of passports, since revoked by the Indian authorities.
While one passport is now in possession of the Metropolitan Police, a second expired passport is mendacity with the UK Home Office and a 3rd with the UK’s Driving and Vehicle Licensing Authority (DVLA) for a driver’s licence.
Besides the passports, Modi additionally possesses a number of residency playing cards, a few of them expired, however masking nations/areas such because the UAE, Singapore and Hong Kong.
His defence workforce tried to ascertain his very “visible” and “lawful” residence at his luxurious Centre Point house in London’s West End, paying his native council tax and likewise utilizing a National Insurance quantity, allotted to authorized UK residents for functions of labor.
The CPS challenged all claims to counter the primary bail plea and identified that Modi had “deliberately evaded justice” and never returned to India regardless of a collection of felony summons issued by Indian courts.
(with PTI inputs)
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