Fugitive diamond merchant Nirav Modi appears before UK court to seek bail

Fugitive diamond merchant Nirav Modi has appeared before UK court to seek bail. This is Nirav Modi's third bail plea Wednesday before a UK court, which has already rejected his bail twice before as he fights his extradition case in the Punjab National Bank (PNB) fraud and money laundering case amounting to up to USD 2 billion.

Modi's legal team, led by solicitor Anand Doobay, have previously offered 1 million pounds as security alongside an offer to meet stringent electronic tag restrictions on their client's movements, "akin to house arrest". It remains to be seen how they plan to bolster the application for a third attempt before the same court.