Mehul Choksi was on Friday been denied bail by the High Court in Dominica.
His application was denied on the basis that he’s a flight risk, he has no ties to Dominica and the court cannot impose any conditions that will assure it that he wouldn’t abscond.
Choksi was represented by Cara Shillingford-Marsh, Wayne Benjamin Marsh, Wayne Norde and Julien Prevost.
The 62-year-old, who is wanted in his native India in connection with a massive bank fraud, will appear before court again on Monday on a charge of illegal entry into Dominica.
Choksi denies the charge, and claims he was kidnapped and taken there by force.