A United Kingdom courtroom has rejected the newest bail plea of fugitive diamond service provider Nirav Modi, who has been lodged in a London jail since his arrest on an extradition warrant in March final 12 months.

Modi is subsequent scheduled to seem by way of videolink from Wandsworth Prison in south-west London on November 3. Photo courtesy: Wikimedia

The software was reportedly made on the idea of “new evidence”, however Westminster Magistrates’ Court District Judge Samuel Goozee was not satisfied to reverse earlier bail rejections in Modi’s case.

The 49-year-old jeweller, combating extradition to India on prices of fraud and cash laundering within the estimated USD 2-billion Punjab National Bank (PNB) rip-off case, has made round six earlier makes an attempt at bail, on the magistrates’ courtroom in addition to on the High Court stage.

However, every of the purposes, which got here with a proposal stringent circumstances akin to deal with arrest and a bail bond safety of 4 million kilos, have been rejected every time as he has been deemed to have the monetary means and motivation to abscond.

At Modi’s final High Court bail listening to in March this 12 months, Justice Ian Dove had stated, “My central concern of a risk of absconding are not obviated by the measures presented.”

The courtroom has additionally repeatedly been advised of Modi’s fragile psychological well being and that his psychological situation was “deteriorating with the ever-increasing detention”.

“He has increasingly suffered from severe depression and the latest assessment shows he is on the threshold of being subject to hospitalisation unless given proper treatment and his fitness to plead may be in doubt here or in the requesting state (India) given a high risk of suicide,” Modi’s barrister, Clare Montgomery, had advised Westminster Magistrates’ Court final month as a part of the defence arguments towards insufficient jail circumstances in India.

Modi is subsequent scheduled to seem by way of videolink from Wandsworth Prison in south-west London on November 3, for the listening to in his extradition case when Judge Goozee shall be introduced with arguments to find out the admissibility of the proof offered by the Indian authorities.