Insta
ED Files Fresh Money Laundering Case Against Jet Airways And Its Former Chairman Naresh Goyal
IANS
Mar 05, 2020, 10:42 AM | Updated 10:42 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Enforcement Directorate (ED) on Wednesday (4 March) filed a fresh case of money laundering against Naresh Goyal, former chairman of the grounded Jet Airways, and the airlines.
A source said that the money laundering case was registered against Goyal and Jet Airways. Earlier, the financial probe agency had registered a case of Foreign Exchange Management Act (FEMA) violations against the airline and Goyal last year.
The source said that earlier in the day, Goyal was questioned by the central probe agency at its office here and then he was taken to his residence for carrying out searches.
Fresh case has been registered to probe the alleged irregularities committed by the grounded airline, including diversion of funds, the source said.
Last year in August, the ED carried out searches at the residence of Goyal and has got details of 19 companies held by him of which five are located abroad and how money was siphoned off to other countries through dubious transactions.
During searches last year, the ED seized several incriminating documents related to the payments made to foreign companies and digital evidences have been seized.
The official said the agency has taken up the investigation into alleged violation of the FEMA against Jet Airways and Goyal based on complaints from various sources.
According to ED, the business empire of Goyal, who stepped down from the post of chairman of the airline in March last year, includes 19 privately-held companies of which 14 are registered in India and five are registered abroad.
An ED official had earlier said, Goyal "indirectly controls" various entities "abroad" some of which are in tax havens.
A full-service carrier, Jet Airways shuttered operations on April 17 after running out of funds. Thousands of employees lost their jobs and the airline''s slots and aircraft were leased out to competitors on a temporary basis.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.