Bank Fraud, Mumbai: Jet Airways Founder Naresh Goyal Arrested by ED
- Posted on September 2, 2023
- News
- By Sakshi Nawani
- 257 Views

On Friday, the Enforcement Directorate (ED)
apprehended Jet Airways founder Naresh Goyal on allegations of defrauding
Canara Bank of Rs 538 crore. His arrest came after an extended round of
questioning at the central agency's office, conducted under the Prevention of
Money Laundering Act (PMLA).
Today, he will appear before a special PMLA
court in Mumbai, where the ED will request his custodial remand. The case stems
from an FIR that the Central Bureau of Investigation (CBI) filed back in May of
this year.
On Friday, the CBI initiated an FIR against the
Chairman of Jet Airways, his wife, and others, alleging a bank fraud of Rs 538
crore. The accused in the FIR include Jet Airways (India) Limited, Naresh
Goyal, his wife Anita Naresh Goyal, Gaurang Ananda Shetty, and unidentified
public servants and private individuals.
The FIR outlines the charges as "cheating,
criminal conspiracy, criminal breach of trust, and criminal misconduct"
committed by these entities, leading to a wrongful loss of Rs 538.62 crores to
Canara Bank.
Additionally, it revealed findings from a
forensic audit of Jet Airways (India) Ltd's accounts, indicating fraudulent
activities such as fund diversion and siphoning.
In a related development, the ED conducted
raids in various cities, including Delhi and Mumbai, earlier this week as part
of the money laundering investigation against the former Jet Airways promoter
and his associates.
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