Nirav Modi to make second bail application

London: Fugitive diamond merchant Nirav Modi, wanted in India on fraud and money laundering charges amounting to $2 billion, is set to appear before Westminster Magistrates Court in London on Friday, when his legal team will make a second bail application.

The 48-year-old had been denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard officers from a central London bank branch as he tried to open a new bank account and has been in custody at HMP Wandsworth prison in south-west London since last Wednesday.