Nirav Modi, 49, is an Indian business who was arrested in 2019 from a metro station in London on an extradition warrant.
He was charged by Interpol and the Government of India for making a criminal conspiracy for being a part of $2billion fraud case.
His several attempts at securing bail were turned down as he was deemed a flight risk.
Nirav Modi faces two sets of criminal proceedings; first, a CBI case relating to illegal letters of undertaking or loan agreements which is used to clear crores in loan to the jeweller, and the Enforcement Directorate (ED) case related to the laundering of proceeds of the fraud.
He further faces two additional charges of evidence tampering and intimidating witnesses.