ED attaches properties of Jet Airways, Naresh Goyal family in money laundering case
Goyal has been in ED custody since September 1 under the Prevention of Money Laundering Act and is currently lodged in Mumbai's Arthur Road jail.
Goyal has been in ED custody since September 1 under the Prevention of Money Laundering Act and is currently lodged in Mumbai's Arthur Road jail.
Naresh Goyal, the founder of Jet Airways, was arrrested by the Enforcement Directorate (ED) on Friday night in connection with…
The Central Bureau of Investigation (CBI) registered an FIR against the Chairman of Jet Airways, his wife and others on Friday in an alleged bank fraud of Rs 538 crore.
The ED carried out raids at Goyal's premises in Mumbai on Wednesday and also questioned him after filing the case, they said.
Two days before Jet Airways went public with a share offering in 2005, the government allowed it to operate international routes.
According to industry estimates, Jet Airway’s total debt stood at Rs 8,000 crore till March 2019 while its pilots and crew had been approaching other airlines for employment.
"I can smell and see that it is a big scam. Collapse of Jet Airways appears to be a scam which was well thought out and being executed in the name of elections, so that nobody will ask questions."
Jet Airways’ founder chairman Naresh Goyal has already withdrawn from making a bid for a stake in the company.
On April 12, reports said that Goyal had also put in a bid for the carrier.
With the management of Jet Airways scheduled to meet the lenders on Monday, the NAG has deferred its 'no flying' call.
