Jet Airways founder Naresh Goyal (centre) being produced earlier than a courtroom in reference to a cash laundering case, in Mumbai.
| Photograph Credit score: PTI
A courtroom right here on Thursday, September 14, 2023 remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a cash laundering case linked to an alleged fraud of ₹538 crore on the Canara Financial institution.
The Enforcement Directorate (ED) arrested Goyal on September 1 beneath the Prevention of Cash Laundering Act (PMLA) following a protracted session of questioning on the central company’s workplace right here.
The 74-year-old businessman was produced earlier than the courtroom on the finish of his ED remand on Thursday.
Goyal was despatched to judicial custody by the courtroom as no additional remand was sought by the probe company.
The cash laundering case stems from an FIR of the Central Bureau of Investigation (CBI) in opposition to Jet Airways, Goyal, his spouse Anita and a few former firm executives of the now grounded non-public airline in reference to an alleged ₹538-crore fraud case on the Canara Financial institution.
The FIR was registered on the financial institution’s criticism which alleged that it sanctioned credit score limits and loans to Jet Airways (India) Ltd to the tune of ₹848.86 crore of which ₹538.62 crore was excellent.