The court rejected his bail plea despite an offer of an 'unprecedented bail package', which included 4-million pounds in security as well as house arrest akin to those imposed on terrorist suspects.
The UK court earlier on Friday rejected Nirav Modi’s second bail application, saying there are 'substantial grounds' to believe the fugitive diamantaire will fail to surrender.
The 48-year-old had been denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard officers from a central London bank branch.
A UK court had on Monday issued an arrest warrant against Modi following a request forwarded by the Enforcement Directorate (ED) for his extradition.
