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UK court rejects diamond merchant Nirav Modi's bail plea for fifth time

The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year

Nirav Modi
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File photo of Nirav Modi

Press Trust of India
A UK court on Thursday rejected for the fifth time the bail plea of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India on charges over the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case.

The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year and is scheduled for an extradition trial in May, made his fifth attempt at getting bail on the basis of a change in circumstances.

However, the High Court in London rejected his bail plea.Modi was arrested on