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Nirav Modi's bail plea rejected fourth time

ANI  |  Europe 

The Royal Courts of Justice here on Wednesday rejected the plea of diamond merchant for the fourth time.

Earlier, his plea was rejected thrice in the

diamantaire was arrested by in connection with the (PNB) loan default case on March 19 this year.

During the court proceedings on Tuesday, Clare Montgomery, who is representing in the case, had submitted before the court that if her client were granted bail, he would be willing to be tagged through an so that his movements could be tracked.

"He moved here to raise capital, to explore where in the he needed to be immigration wise. If he is given bail, he is willing to be tagged through an electronic device, have a phone that can be tracked," Montgomery said.

"Since he has an extradition case starting, there is no way he will run away. His daughter and son will be moving here. They are starting university," she added.

Comparing to WikiLeaks founder Julian Assange, Montgomery had said, "Modi is not who wants to seek refuge in some embassy. He is an ordinary person. He is not a flight risk."

After presenting her arguments, the court said it wanted some time and deferred the matter to Wednesday morning.

is seeking the diamond merchant's extradition to make him face the of the land for allegedly committing economic offences like fraud and money laundering.

Modi has been lodged at in south-west

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 12 2019. 15:28 IST