India, Sept. 3 -- A Pune court rejected the pre-arrest bail application of businessman Sanjay Bramhanand Agarwal, accused of allegedly misappropriating Rs.97.01 lakh in a dispute involving the sale of 16 four-wheelers. The court observed that a memorandum of understanding (MOU) concerning an Audi Q7 contained a false statement about the loss of the vehicle's original documents, indicating fraudulent intention.

Additional sessions judge SR Pawar rejected Agarwal's application on August 29. An FIR was registered at Deccan police station on April 4, 2026, under Sections 316(2), 316(5) and 318(4) of the Bharatiya Nyaya Sanhita (BNS). The investigation is underway.

According to the prosecution, the informant and his father were engaged in bu...