{
  "id": 14739462,
  "title": "PNB Fraud Case: Special Court Rejects Bail For Nirav Modi's Close Associate Sandeep Mistry; Cites Risk Of Absconding During Trial",
  "url": "https://urgent.news/2026/10/15/pnb-fraud-case-special-court-rejects-bail-for-nirav-modis-close",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T16:08:38.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/pnb-fraud-case-special-court-rejects-bail-for-nirav-modis-close-associate-sandeep-mistry-cites-risk-of-absconding-during-trial"
  },
  "original_language": "en",
  "account": "Mumbai, October 15, 2026 - A special court has denied bail to Nirav Modi's close associate, Sandeep Mistry, citing the risk he would present during the trial. Mistry was recently extradited by the CBI and presented before the special CBI court, which ordered him to remain in judicial custody. His lawyer, Yusuf Iqbal, argued in court that the CBI had not requested his custody since his arrest, stating he was instead taken to judicial custody. The defense contended that the investigation had concluded in 2019, with a charge sheet filed, and that Mistry was in Dubai with his passport revoked, thus unable to travel to India. In contrast, the prosecution contended that Mistry had absconded from authorities for nearly seven years following the crime, being extradited from Dubai and arrested at Mumbai Airport on September 29. The prosecution further alleged that Mistry held a director position in multiple companies affiliated with Nirav Modi, controlling their operations from Dubai and Hong Kong. They pointed to CBI witnesses confirming Mistry's involvement in creating false import/export documents for diamond, gold, and pearl jewelry trade, as well as his possession of 4 million rupees from the fraud. The court acknowledged the strong evidence against Mistry, noting his active role and handling of finances, and decided that releasing him on bail would be problematic for ensuring his presence throughout the trial.",
  "summary": "Mumbai, October 15, 2026: The special court has refused to grant bail to Nirav Modi’s close associate, Sandeep Mistry, observing that if he is released on bail, it would be difficult to secure his presence during the trial. Mistry was recently extradited by the Central Bureau of Investigation (CBI) and produced before the special CBI court, which remanded him to judicial custody. While seeking…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}