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PNB scam: Nirav Modi bail hearing concludes, decision on Wednesday

ANI  |  Europe 

A here on Tuesday concluded the hearing of the plea of fugitive diamond merchant Modi, who was arrested in March in connection with the USD two billion (PNB) fraud case. The court will deliver its ruling at 10 am (local time) on Wednesday.

During the hearing, the said it wanted some time to make a decision.

Clare Montgomery, who is representing Modi in the case, submitted before the court that if her client was 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 Modi to WikiLeaks founder Julian Assange, Montgomery 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.

Modi's plea has been rejected thrice already in

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

is seeking the diamond merchant's extradition to make him face the law 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. 00:50 IST
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