New Delhi, Sept. 29 -- Fugitive Sandeep Mistry, wanted in the Nirav Modi Punjab National Bank (PNB) fraud case, has been brought back to India from the United Arab Emirates, nearly two months after an INTERPOL Red Notice was issued against him, the CBI said.
Mistry was wanted in a case registered by the CBI's Bank Securities and Fraud Branch in Mumbai for allegedly facilitating fictitious international trade transactions and siphoning off funds through dummy companies.
According to the agency, Mistry was among the main conspirators and allegedly directed entities involved in the fraud through self-deleting platforms to conceal evidence. He also allegedly provided forged documents of import-export firms to project fictitious trade in diamonds, gold and pearl jewellery.
The CBI alleged that Mistry and others coerced dummy directors of foreign companies by threatening them with arrest, taking away their phones and forcing them to sign documents to establish false ownership.
He also allegedly helped siphon funds from UAE bank accounts of the dummy companies. The CBI has filed a charge sheet.
An INTERPOL Red Notice was issued against Mistry at the agency's request in July 2026. UAE authorities located and arrested him before initiating deportation proceedings.
Mistry arrived in Mumbai at 11.55 pm on Monday and was arrested by CBI officials. He will be produced before a court and sent to judicial custody.
Published by HT Digital Content Services with permission from Millennium Post.