Last Updated: September 11, 2023, 18:19 IST
Jet Airways founder Naresh Goyal. (File Photo/ IANS)
Jet Airways founder Naresh was arrested for allegedly defrauding a bank of Rs 538 crores
Jet Airways founder Naresh Goyal has been sent to the custody of the Enforcement Directorate till September 14 by PMLA court in the bank fraud case.
Goyal was arrested for allegedly defrauding a bank of Rs 538 crores.
The ED arrested Goyal,74, under the Prevention of Money Laundering Act (PMLA) on September 1 after questioning him earlier that day.
The move follows the ongoing investigation by the Central Bureau of Investigation (CBI) against Goyal, his wife Anita and some former company executives in connection with the fraud case.
The CBI had filed an FIR regarding this in May this year on the basis of the Canara Bank’s complaint, alleging that it had sanctioned credit limits and loans to Jet Airways (India) Limited (JIL) of Rs 848.86 crore, of which an amount of Rs 538.62 crore is outstanding.
