Fugitive diamantaire Nirav Modi, who was remanded in custody till March 29 by a United Kingdom court on Wednesday, is likely to be held in a separate cell in Her Majesty's Prison Wandsworth, which is one of the largest prisons in western Europe.
The arrest follows the warrant issued last week, after Home Secretary Sajid Javid referred India's extradition request for Mr. Modi - wanted in connection with the ₹13,000 crore Punjab National Bank fraud case - to the Westminster Magistrates Court for approval by a judge earlier this month. This was rejected by the District Judge Marie Mallon who denied bail to Modi and remanded him in custody till March 29, saying there were substantial grounds to believe that he would fail to surrender if granted bail. Nirav Modi was arrested after the Enforcement Directorate's extradition plea.
June 29, 2018: International Police Agency, Interpol issues a red corner notice against Nirav Modi. Modi is the prime accused in ₹13,000 crore PNB loan fraud case, along with his uncle Mehul Choksi. In February, India revoked his passport and later in August of a year ago, India sent 2 extradition requests to UK- one each from the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) - regarding the extradition of the absconding businessman. While applying for the bail, Nirav Modi told the Westminster Court, "I have demonstrated keenness to fully cooperate".
"He will appear in custody at Westminster Magistrates' Court on Wednesday, 20 March", the statement added.
Fugitive Nirav Modi, accused in PNB scam, has been arrested in London.
Further, both agencies extended all legal assistance in a bid to take forward the extradition request. An arrest warrant was issued against him two days ago on March 18. Punjab National Bank also alleged that its own employees helped Nirav Modi in carrying big-fat scam.
Nirav Modi, who was living in a plush apartment in Centre Point in the West End until his arrest on Tuesday, was sent to prison on the eve of Holi.
Hepburne Scott said Modi had arrived in Britain past year before any allegations were made in India and he had lived here lawfully and paid tax.
The order apparently came in response to a request by the ED for his extradition to India. Mr. Mallya's case is in final stages in that country.
Nirav Modi was arrested on Wednesday by Scotland Yard in London.