Nirav Modi denied bail, to remain in custody till March 29

London's Westminster Magistrates Court has refused to grant Nirav Modi bail in the extradition case and remanded him in custody till the next hearing on March 29. The British police arrested him in London on Tuesday on behalf of the Indian authorities. Nirav Modi is wanted in India over the ₹14,000-crore loan fraud at PNB, India’s biggest banking fraud.