London, May 19 -- The UK High Court has denied bail to Nirav Modi, the main accused in the USD 1 billion Punjab National Bank fraud case, rejecting his latest application during a hearing on Thursday, May 15. This marks the tenth failed attempt by Modi to secure bail since his detention in 2019.

In an official post on X (formerly Twitter), the Enforcement Directorate (ED), Government of India, stated: "The UK High Court has once again refused to grant bail to Nirav Modi, the mastermind of the USD 1 billion fraud against PNB, while hearing his fourth bail application on Thursday, 15/05/2025."

The post continued, "After detailed deliberations on the arguments of the defence (Nirav Modi) and counter arguments of the prosecution (Government...