Nirav Modi, wanted by India in fraud and money laundering charges amounting to nearly $2 billion, on Friday applied for bail in the UK High Court. The Crown Prosecution Service (CPS) said the hearing for his bail petition will take place on June 11.
Modi was on Thursday remanded till June 27 by a UK court, which directed the Indian government to confirm within 14 days which prison he is to be held in if he were to be extradited.
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The 48-year-old is wanted in India to face charges of fraud and money laundering amounting to nearly $2 billion in the Punjab National Bank (PNB) case.
Modi was arrested by uniformed Scotland Yard officers on an extradition warrant from a Metro Bank branch in central London on March 19 and has been in prison since.
Modi's legal team, led by solicitor Anand Doobay, have repeatedly asserted that the Indian authorities must present a "perfectly paginated" set of documents in support of the case against their client. It is a direct reference to the disorganised state of the paperwork in previous Indian extradition cases, most recently that of liquor tycoon Vijay Mallya.
