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The Hindu

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The Hindu Bureau

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Naresh Goyal ED Jet Airways JIL CBI GSA

The Enforcement Directorate on September 1 arrested Jet Airways (India) Limited’s founder chairman Naresh Jagdishrai Goyal, in connection with an alleged loan fraud involving about ₹538.62 crore of the Canara Bank.

Mr. Goyal had been summoned to the ED’s Mumbai office for recording his statement. He was arrested following questioning.

The ED probe is based on a case registered by the Central Bureau of Investigation (CBI) in May. Among those named as accused were the company, Mr. Goyal, his wife Anita Naresh Goyal and Gaurang Ananda Shetty.

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