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Fugitive jeweller Modi denied bail in UK

Fugitive billionaire jeweller Nirav Modi, wanted by Indian authorities over a $US2 billion ($A2.8 billion) loan fraud has been remanded in custody after appearing before a British court. India asked Britain last August to extradite 48-year-old Modi, whose diamonds have sparkled on famous Hollywood stars, after he was accused of massive bank fraud, charges he denies. The diamond magnate was arrested in the Holborn area of central London on Tuesday after he went into a bank to open an account and a member of staff contacted police. He appeared at London’s Westminster Magistrates Court on Wednesday, accused by India […]

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