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.
Justice Suresh Kait said no interim relief can be granted at this stage and added that he may deposit Rs 18,000 crore guarantee if he wants to travel to a foreign country now.
Naresh Goyal had resigned from the company’s board in March following the airline board’s meeting in Mumbai.
"The market gave up the gains after testing a new high as the positive sentiment on exit polls was gradually priced-in. The pre-election rally may continue, and quality mid & small caps may out-perform if the election verdict comes in tandem with the exit polls."
The exit comes days after the airline's top executive Gaurang Shetty, considered close to founder Naresh Goyal, resigned from the board of directors.
Through the series, the employees have expressed that their wings have been clipped even after putting in years of labour for the Jet Airways.
