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|20 March, 2019

UK judge rejects bail for jeweller Modi after court appearance

Jeweller Modi arrested in London on India's request

A Nirav Modi showroom is pictured in New Delhi, India, February 15, 2018.

A Nirav Modi showroom is pictured in New Delhi, India, February 15, 2018.

REUTERS/Adnan Abidi

LONDON - A British judge refused to grant Nirav Modi bail after the Indian billionaire jeweller appeared in a London court on Wednesday.

Modi, arrested on Tuesday on behalf the Indian authorities who want to extradite him to face charges over a $2 billion loan fraud at state-run Punjab National Bank (PNB), was remanded in custody until March 29.

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(Reporting by Kate Holton; editing by Stephen Addison) ((kate.holton@thomsonreuters.com; 0044 207 542 8560; Reuters Messaging: kate.holton.thomsonreuters.com@reuters.net))