Page 2 - Jet Lite News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Enforcement Directorate (ED) has filed a Prosecution Complaint (PC) against Jet Airways founder Naresh Goyal and others, including his wife and companies, in a money laundering case. The chargesheet quantifies the alleged proceeds of crime at ₹538 crore, indicating the loss to Canara Bank. The ED suspects a potential loss of up to ₹5,700 crore to multiple banks. They are also investigating allegations from the Panama Papers and Goyal's dealings with UAE-based businessman Hasmukh Gardi. Goyal was arrested in connection to a ₹538 crore fraud against Canara Bank.

Naresh Goyal, 74, was taken into custody under the Prevention of Money Laundering Act (PMLA) following a long session of questioning in Mumbai. | Latest News India

The Enforcement Directorate (ED) late Friday evening arrested the erstwhile promoter of Jet Airways, Naresh Goyal, in an alleged money laundering case after having questioned him in Mumbai through the day.

Naresh Goyal, the former promoter of Jet Airways, has been arrested by the Enforcement Directorate (ED) in an alleged money laundering case. The arrest follows a fresh money laundering case registered by the ED against Goyal and his wife Anita, based on an FIR filed by the Central Bureau of Investigation (CBI). Goyal will appear before a special Prevention of Money Laundering Act (PMLA) court on Saturday.

Goyal, 74, is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek his custodial remand, the sources said.