Nirav Modi third time unlucky

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Nirav Modi has been denied bail by a UK court for the third time in his extradition case to India. Modi’s lawyer upped the security offer to £2 million and said Indian authorities had seized the diamantaire’s $860 million assets, but that wasn’t enough to assuage the court’s concerns: Modi’s lack of community ties in the UK, the risk that he would tamper with evidence, and reports that he offered employees money to not testify against him. The fugitive diamond merchant will remain in London’s Wandsworth prison till his next hearing comes up on May 30.

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