All articles tagged with #jet airways
Naresh Goyal, the founder of Jet Airways, will remain in custody until September 11th as ordered by an Indian court. The arrest was made by the Enforcement Directorate, which investigates financial crimes in India, in relation to a 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by Canara Bank. Jet Airways has not yet commented on the matter.
Naresh Goyal, the founder of Jet Airways, has been arrested by the Enforcement Directorate (ED) in a money laundering case related to an alleged bank fraud of Rs 538 crore at Canara Bank. Goyal is expected to be produced before a special PMLA court in Mumbai, and the ED will seek his custodial remand. The case stems from an FIR filed by the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita, and former company executives. Jet Airways ceased operations in 2019 due to financial difficulties.
Naresh Goyal, the founder of Jet Airways, has been arrested by India's Enforcement Directorate in connection with an alleged money laundering case involving Canara Bank. Goyal was taken into custody under the Prevention of Money Laundering Act after a lengthy questioning session. Jet Airways, once India's largest private airline, filed for bankruptcy in 2019 and is currently facing challenges in its resolution plan.