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Nirav Modi to stay in British jail till March 29 as London court denies bail

London’s Westminster Magistrates’ Court on Wednesday rejected fugitive Indian businessman Nirav Modi’s bail plea, forcing him to stay in British jail till next date of hearing on March 29. From the day of his arrest, Nirav Modi will be in jail for 11 days before the court again takes up his case on Friday.Nirav Modi, the man responsible for allegedly defrauding Punjab National Bank (PNB) of Rs 13,000 crore, was presented in the court on Wednesday at 11.30 am London time (5 pm IST) on Wednesday.

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