India
oi-Ajay Joseph Raj P
Mumbai, May 18: A special CBI court in Mumbai rejected the interim bail plea of Arjun Patil, a senior executive of fugitive diamond merchant Nirav Modi’s firm, who was arrested in connection with the multi-crore Punjab National Bank (PNB) scam.
Patil, a senior executive of Firestar International, a firm belonging to Nirav Modi, was arrested in February, 2018 by the Central Bureau of Investigation for his alleged role in the preparation of applications for fraudulent Letters of Undertaking (LoUs) that were submitted to PNB.
Patil’s bail was rejected on Monday, but the detailed order was made available on Tuesday. He had sought interim bail citing recommendations of a high power committee to release some prisoners to prevent the spread of COVID-19 in jails, with his lawyer informing court that Patil had…