ED Arrested Jet Airways founder Naresh Goyal
After undergoing eight hours of questioning, Naresh Goyal, the founder of Jet Airways, was arrested by the Enforcement Directorate (ED) in Mumbai.
This arrest is related to a money laundering case connected to a bank fraud, and it was executed under the Prevention of Money Laundering Act.
The ED’s investigation revolves around the airline’s alleged loan defaults, which are said to have caused a loss of 539 crore rupees to Canara Bank. In November 2021, Canara Bank lodged a complaint against Goyal and his wife, accusing them of cheating, conspiracy, breach of trust, and misconduct.
Prior to this, the Central Bureau of Investigation (CBI) had already labeled Goyal as a fraudster, and the ED is now seeking his judicial custody as the investigation progresses.
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