A general view shows the Westminster Magistrates court in London, Britain March 20, 2019. REUTERS/Peter Nicholls
LONDON (Reuters) - Fugitive billionaire jeweller Nirav Modi was denied bail in a London court on Friday, following his arrest last week on charges over his alleged involvement in a $2 billion (1.5 billion pounds) fraud at India's state-run Punjab National Bank.
The 48-year-old, who denies the charges, faces possible extradition to India where Prime Minister Narendra Modi is under pressure to take a firm stance on the case ahead of national elections in April-May. The two Modis are not related.
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