The Mumbai Sessions MPID Court rejected the bail application of Nareshkumar Barad, the absconding proprietor of Vidya Marketing, involved in the Nutan Dal Mill investment fraud case.

Barad is accused of trading in oil and receiving money from Ketan Rambhia, the proprietor of Nutan Dal Mill Stores, who collected it from various investors. Barad then transferred Rs 9,61,73,799 crore back to Rambhia in cash. The total fraud amounted to Rs 13,62,81,799 crore from numerous investors.