<span style="color: #222222;">A UK court Friday rejected the bail plea of fugitive jeweller Nirav Modi for the second time in the Rs 13,000 crore Punjab National Bank Fraud case. <br />''<br />''The court said, he posed a significant flight risk and had even issued death threats to witnesses related to his fraud and money laundering case.<br />''<br />''After the denial of bail, the 48-year-old diamond merchant faces the possibility of extradition to India. <br />''<br />''A three-member joint CBI and Enforcement Directorate team from India was present in the court and handed over a new file of evidence which was reviewed by the Westminster Magistrates Court judge before the hearing. <br />''<br />''Nirav Modi was denied bail by District Judge Marie Mallon at his first hearing also soon after his arrest by Scotland Yard officers in London since last week.</span><br />''