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Bank Fraud, Mumbai: Jet Airways Founder Naresh Goyal Arrested by ED

  • Posted on September 2, 2023
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  • By Sakshi Nawani
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Naresh Goyal



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.

 

Jet Airways Founder Naresh Goyal Arrested by ED in Bank Fraud case in Mumbai.
Jet Airways Founder Naresh Goyal Arrested by ED in Bank Fraud case in Mumbai. (Image Source : PTI )


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.

 

Bank Fraud, Mumbai: Jet Airways Founder Naresh Goyal Arrested by ED
Bank Fraud, Mumbai: Jet Airways Founder Naresh Goyal Arrested by ED


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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Sakshi Nawani

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