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Jet Airways Founder Naresh Goyal Remanded to 14-Day Judicial Custody

Jet Airways Founder Naresh Goyal Remanded to 14-Day Judicial Custody.

pic/NDTV

A Mumbai court has remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a money laundering case connected to an alleged fraud of Rs 538 crore at Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of Money Laundering Act (PMLA). The case originates from a Central Bureau of Investigation (CBI) FIR against Jet Airways, Goyal, his wife Anita, and former company executives over an alleged Rs 538 crore fraud at Canara Bank.

The bank had claimed that it granted credit limits and loans to Jet Airways totaling Rs 848.86 crore, with Rs 538.62 crore outstanding.

Asif Iqbal
Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.

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