• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Raids on as ED files money laundering case against Jet founder Naresh Goyal

|

New Delhi, Mar 05: The Enforcement Directorate has slapped a case under the Prevention of Money Laundering Act (PMLA) against Jet Airways founder, Naresh Goyal. This is the first time that Goyal has been booked for money laundering.

The case comes in the wake of the Mumbai police filing an FIR abasing Goyal based on a complaint by a travel agency. ED sources tell OneIndia that the probe has revealed money laundering. However in the absence of a predicate offence it was not in a position to register a case under the PMLA.

File photo of Naresh Goyal

The ED also carried out searches in connection with the case. Last year Goyal was questioned by the ED following a case being registered under the provisions of the Foreign Exchange Management Act. Goyal has 14 privately held complaints in India and 5 abroad, the ED has learnt.

Former Jet Airways chairman Naresh Goyal's premises searched

Jet Airways executed aircraft lease agreements with offshore entities that made payments to the firms. These firms are alleged to have diverted money to Goyal. The ED is currently examining the transactions of the airlines pertaining to the sales and distribution.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more
X