Fugitive businessman Nirav Modi's bail has been rejected by a London court. Nirav Modi is undergoing extradition proceedings in the UK in the PNB fraud and money laundering case. The 48-year-old has been behind bars at Wandsworth prison in south-west London since his arrest last month. The next date of hearing in the case has been fixed for May 24.
from Times of India http://bit.ly/2UZi9mM
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