London: A UK court on Thursday rejected for the fifth time the bail plea of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
The 49-year-old has been lodged at Wandsworth Prison in south-west London since his arrest in March last year and is scheduled for an extradition trial in May.
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He made his fifth attempt at getting bail on the basis of a change in circumstances. However, the High Court in London rejected his bail plea.
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Nirav was arrested on March 19 last year on an extradition warrant executed by Scotland Yard on charges brought by the Indian government.
With inputs from PTI
