Fugitive diamond merchant Nirav Modi is liable to pay Bank of India over USD 11.5 million, including accruing interest on a personal loan guarantee, the High Court in London has ruled.The 55-year-old jeweller, who remains in prison fighting extradition to India in a separate USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, had disputed the enforceability of the personal guarantee related to a loan to a Dubai-incorporated firm, Firestar Diamond FZE, associated with him. In a judgment handed down at the London Circuit Commercial Court on Tuesday, June 23, Justice Simon Tinkler found in favour of the Bank of India after a lengthy legal process complicated by paperwork transfer delays within the UK prison serviceModi, meanwhile, remains behind bars wanted in connection with three sets of criminal proceedings in India – the Central Bureau of Investigation (CBI) case of PNB fraud, the Enforcement Directorate (ED) case relating to the alleged laundering of the proceeds of that fraud and a third set of criminal proceedings involving alleged interference with evidence and witnesses in the CBI proceedings. In April 2021, then UK home secretary Priti Patel had ordered his extradition to face these charges in the Indian courts after a prima facie case was established against him. Since then, the businessman went on to submit several unsuccessful bail applications as well as appeals in the UK courts.