PNB Fraud Case: CBI Arrests Nirav Modi's Close Associate Sandeep Mistry In Dubai, Brings Him To Mumbai For Custodial Interrogation

Mumbai: CBI has arrested Sandeep Mistry, a close associate of Nirav Modi, from Dubai and transported him to India for custodial interrogation. Mistry served as a director of Fancy Creations Ltd., a Hong Kong-based company owned by Modi. The Enforcement Directorate has initiated proceedings against Mistry, accusing him of being a fugitive economic offender, which would allow the agency to seize his assets located in India and abroad.

According to prosecutors, Mistry, along with Modi's brother Nehal and another accused, Mihir Bhansali, threatened employees - dummy directors of various firms associated with Modi - to leave Dubai after a case was lodged in India. The accused allegedly forced the directors to relocate to Cairo, claiming they too could face arrest.

Additionally, Mistry allegedly destroyed his cellphones to destroy evidence. The directors managed to reach India and provided statements to CBI. One of the directors revealed that he wished to return to India but was threatened with murder. The directors recorded all calls and submitted the evidence to CBI. The directors had also threatened their own lives as they wanted to return to India. CBI will soon produce Mistry before a special court to seek his custody for interrogation.