NEW DELHI: A Mumbai court on Saturday sent Jet Airways founder Naresh Goyal to Enforcement Directorate (ED) custody till September 11.
He was arrested under the Prevention of Money Laundering Act (PMLA) in a Rs 538 crore bank fraud-linked money laundering case late on Friday night. The Central Bureau of Investigation (CBI) had registered an FIR against the Jet Airways chairman, his wife Anita and others.
The FIR was registered on Canara Bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of Rs 848.86 crore, of which Rs 538.62 crore is outstanding. JIL diverted funds to its subsidiaries, it alleged.
ED officials questioned Goyal for hours at its Mumbai office on Friday and said that he was not cooperating in the investigation. Goyal was brought from Delhi to Mumbai ED office for questioning and later placed under arrest.
The ED probe is based on a May 3 case filed by CBI on the complaint of Canara Bank. Jet Airways (India) Ltd has been dealing with Canara Bank since 2005, and all the exposures are under State Bank of India (SBI)-led consortium arrangements.
Earlier on Wednesday, the ED conducted raids in multiple cities including Delhi and Mumbai in the money laundering case against the former promoter of Jet Airways and his associates.
He was arrested under the Prevention of Money Laundering Act (PMLA) in a Rs 538 crore bank fraud-linked money laundering case late on Friday night. The Central Bureau of Investigation (CBI) had registered an FIR against the Jet Airways chairman, his wife Anita and others.
The FIR was registered on Canara Bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of Rs 848.86 crore, of which Rs 538.62 crore is outstanding. JIL diverted funds to its subsidiaries, it alleged.
ED officials questioned Goyal for hours at its Mumbai office on Friday and said that he was not cooperating in the investigation. Goyal was brought from Delhi to Mumbai ED office for questioning and later placed under arrest.
The ED probe is based on a May 3 case filed by CBI on the complaint of Canara Bank. Jet Airways (India) Ltd has been dealing with Canara Bank since 2005, and all the exposures are under State Bank of India (SBI)-led consortium arrangements.
Earlier on Wednesday, the ED conducted raids in multiple cities including Delhi and Mumbai in the money laundering case against the former promoter of Jet Airways and his associates.