GENERAL29 Sept 2026
CBI arrests Nirav Modi aide after extradition from UAE in PNB scam
India's Central Bureau of Investigation (CBI) has arrested Sandeep Mistry, an aide of fugitive businessman Nirav Modi, after his extradition from the UAE. He was produced before a special CBI court and sent to judicial custody till October 6. The CBI says he helped cheat Punjab National Bank of nearly ₹6,498.20 crore. It shows overseas accused can still be brought back to face trial here.
Key Statutory Highlights
- Sandeep Mistry was extradited from the UAE and formally arrested by the CBI in Mumbai.
- A special CBI court remanded him to judicial custody till October 6.
- The CBI alleges Mistry played an active role in a conspiracy that cheated Punjab National Bank of nearly ₹6,498.20 crore.
Actionable Advice for Taxpayers / Founders:There is nothing for you to file here, but if your business ever had dealings with any accused firm or person, keep your invoices, contracts and bank records ready and check with a CA before replying to any notice from an investigating agency.
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TaxQue News Desk
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