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Panchnama Full: Nirav Modi denied bail in London
Fugitive billionaire jeweller Nirav Modi had been arrested in London on behalf of the Indian authorities. The arrest of Modi, one of the main suspects charged in the $2 billion loan fraud at state-run Punjab National Bank (PNB), follows a request by India in August for Britain to extradite the diamond magnate.
Modi left the country before India’s biggest banking fraud came to light early last year.
Modi left the country before India’s biggest banking fraud came to light early last year.
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Dr Prosenjit NathThe writer is a technocrat, political analyst, and author.
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