March 6, 2020, 5:11 AM
Naresh Goyal

The Enforcement Directorate (ED) registered a money laundering case against Jet Airways founder and former chairman Naresh Goyal and carried out searches at his Mumbai residence on Wednesday evening. The ED also recorded Goyal’s statement in connection with a fresh case registered by the agency under PMLA (Prevention of Money Laundering Act).

As per reports, earlier as well ED had interrogated Goyal and his wife Anita in connection with the violation under FEMA (Foreign Exchange Manipulation Act). The ED had then, after an FIR by a travel agency, registered ECIR (Enforcement Case Information Report) against the Goyals and Jet Airways for duping to the tune of Rs 46 crore. Currently, three agencies – the Income-Tax department, Serious Fraud Investigation Office (SFIO) and ED – have been probing the Jet Airways founder. In April last year, Jet Airways shut its operations due to severe cash crunch.

As per ED, the airlines had 19 privately held companies, five of which were registered abroad that carried out doubtful transactions in the name of selling, distribution and operating expenses. The ED also claimed that fake and high costs were shown to project a heavy loss incurring company.

 

Also read: Flipkart co-founder Sachin Bansal’s wife accuses him of sexually assaulting her sister; files dowry harassment case

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