Overview
- Sandeep Bharat Mistry was deported from the UAE and taken into CBI custody after arriving in Mumbai late on September 28, and a special court remanded him to judicial custody until October 6.
- The CBI says Mistry has been charge‑sheeted by both the CBI and the Enforcement Directorate in connection with alleged fraud that siphoned about Rs 6,498.20 crore from Punjab National Bank.
- Investigators allege Mistry acted as a central operator who oversaw entities, arranged forged import‑export documents, used self‑deleting communications to hide orders, and routed funds through dummy companies.
- The agency also says Mistry and associates threatened and relocated dummy directors, seized or destroyed mobile devices to erase evidence, and forced false paperwork to hide ownership of shell firms.
- Officials credited fast INTERPOL and UAE cooperation for the quick trace and deportation and said the arrest could lead to further custodial questioning and ED steps on asset attachment and fugitive‑economic‑offender measures; the probe traces to 2018 and involves other fugitives including Nirav Modi and Mehul Choksi.