The Enforcement Directorate (ED) has seized properties worth ₹538 crore in a case against Naresh Goyal and others from Jet Airways under the Prevention of Money Laundering Act (PMLA).
1 min read 11/03/2023, 01:00 AM IST
The Enforcement Directorate has started to take action in its ongoing investigation about money laundering connected to Jet Airways. Properties worth ₹538 crore, including homes, buildings, and business spaces in different locations like London, Dubai, and various cities in India, have been seized.
A document was recently filed that accuses Naresh Goyal, the person who started Jet Airways, of committing a fraud involving a bank loan. These properties are connected to different companies and individuals, like M/s Jetair Private Limited, M/s Jet Enterprises Private Limited, Naresh Goyal, his wife Anita Goyal, and their son Nivaan Goyal.
Naresh Goyal was captured by the Enforcement Directorate on September 1 and is currently kept in jail. On Tuesday, he and five others were charged with committing a fraud of ₹538 crore at Canara Bank.
The investigation into money laundering started after the Central Bureau of Investigation filed a report against Jet Airways, Naresh Goyal, his wife Anita, and some former executives of the now-closed private airline.
Naresh Goyal is being accused of planning a big financial scam. In this scam, the money that belonged to JIL was secretly moved around. This was done by giving higher commissions to a specific sales agent, giving money to different experts and advisors without a clear reason, giving loans to JetLite Limited, which was created to buy Air Sahara, and then pretending that these loans didn’t need to be paid back.
