London, June 12 -- : The Royal Courts of Justice here on Wednesday rejected the bail plea of the fugitive diamond merchant Nirav Modi for the fourth time.

Earlier, his bail plea was rejected thrice in the Westminster Magistrates' Court.

The fugitive diamantaire was arrested by Scotland Yard in connection with the Punjab National Court (PNB) loan default case on March 19 this year.

During the court proceedings on Tuesday, Clare Montgomery, who is representing Modi in the case, had submitted before the court that if her client were granted bail, he would be willing to be tagged through an electronic device so that his movements could be tracked.

"He moved here to raise capital, to explore where in the world he needed to be immigration wis...