PNB fraud: Nirav Modi moves bail plea in London court, says suffering from depression

Diamantaire Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, has filed a fresh bail application in a London court on the grounds that he is suffering from anxiety and depression.

In his bail application, Nirav Modi urged the court to place him under house arrest. The bail application of Nirav Modi, who was arrested in London on March 19, has been rejected by the UK court four times.