The Enforcement Directorate (ED) has arrested Jet Airways founder Naresh Goyal in money laundering case of worth ₹538 crore linked to Canara Bank.
The investigating agency arrested him following hours long questioning in Mumbai. The founder has been taken into custody under Prevention of Money Laundering Act (PMLA).
The 74 year-old businessman will be produced before a special PMLA court today in Mumbai, where the ED will demand his custodial remand.
The case came to light after a first information report (FIR) was filed by the Central Bureau of Investigation (CBI) against Jet Airways, founder Naresh Goyal and his wife Anita Goyal.
The CBI claimed that his account was declared “fraud” July 2021. The Canara Bank alleged that a forensic audit of JIL showed it pair “related companies” ₹ 1,410.41 crore out of total commission, in this manner redirecting funds from JIL.
It was also found as per the FIR that the personal expenses including vehicle expenses, phone bills and salaries of staff were paid by the JIL.
The JIL is alleged of redirecting the funds for subsidiary JLL as loans and advances and investments extended.
