UK court denies Nirav Modi bail, cites risk of accessing 'untraceable' Rs 5,000 crore

A UK court denied Nirav Modi bail, citing the potential access to approximately Rs 5,000 crore in untraceable funds related to the PNB fraud case. The court highlighted Modi's central role in fraudulently obtaining bank documents for substantial foreign withdrawals.

from Times of India https://ift.tt/9qslPxh