Diamantaire Nirav Modi has made application for a bail for the third time in Westminster Magistrates Court and will appear in front of the Chief Magistrate of Westminster Court, Emma Arbuthnot, on Wednesday 8 May at 2pm for the hearing. His bail was rejected the last time by Judge Emma, as she believed that Mr Modi was at flight risk.
He will remain in custody at the HM Wandsworth Prison till his next hearing. Depending on the result of this bail application hearing, the court will decide if there will be a procedural hearing on 24 May at all (Mr Modi is to appear monthly via video link for this procedural hearing at the moment). This is meant to be followed by a case management hearing on May 30, where Mr Modi is going to be present in person.
During the procedural hearing on Friday 26 April, Mr Modi, who is the main accused in $2 billion Punjab National Bank fraud case, appeared by video link from HM Wandsworth Prison in south London, where he is remanded.
Barrister Nick Hearn from Furnival Chambers will appear for Crown Prosecution Service and India on 8th. Barrister Claire Montgomery QC of Matrix Chambers will represent Nirav Modi.
