Embattled liquor tycoon Mallya is out on bail in the UK. The former Kingfisher Airlines' boss is wanted in India to face charges of fraud and money laundering amounting to Rs 9,000 crore. Fugitive diamantaire Nirav Modi is also contesting extradition proceedings in London.
While rejecting the bail plea in the last hearing, Judge Arbuthnot had underlined that "very unusually in a fraud case" the accused (Nirav Modi) had made death threats to witnesses and also attempted to destroy evidence in the case.
Nirav Modi PNB Case: Modi was arrested after the court had issued a warrant against him in response to a request by the Enforcement Directorate for his extradition in connection with the Rs 13,500-crore Punjab National Bank fraud case.
Addressing a rally at Asrana Chowkadi in Mahuva taluka of Bhavnagar district, the Congress president repeated his charge that Prime Minister Narendra Modi has been “favouring a few industrialists by going out of way but does little for the poor”.
The diamond merchant, who has been behind bars at HMP Wandsworth in south-west London ever since his first bail application was rejected on March 20, can apply for a High Court bail appeal at any time until his next remand hearing on April 26.