Jet Airways Founder Arrested: Jet Airways founder Naresh Goyal was sent to Enforcement Directorate (ED) custody by a special PMLA court on Saturday (September 2) in an alleged case of cheating. . The court sent him to custody till September 11.
CBI had registered an FIR
The money laundering case pertains to an FIR lodged by the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita and some former executives of the defunct airline. According to India Today, the CBI in its FIR accused Goyal of cheating, criminal conspiracy, criminal breach of trust and criminal misconduct.
Naresh Goyal has these allegations
The probe agency had also carried out searches at seven places in Mumbai, including Goyal’s residence and offices, in May this year. According to news agency PTI, the FIR was registered on the complaint of the bank, which alleged that it sanctioned a credit limit and loan of Rs 848.86 crore to Jet Airways (India) Limited, of which Rs 538.62 crore is outstanding. It alleged that Jet Airways (India) Limited transferred funds to its subsidiaries.
The airline ceased operations in 2019
ED probe also found that a part of Jet Airways’ expenses, shown as commission paid to related companies, was actually to pay personal expenses of the Goyal family and other persons involved in the case was used.