Jet Airways Founder Naresh Goyal Remanded in ED Custody Till September 11 Over ₹538 Crore Fraud Case

Jet Airways founder Naresh Goyal has been remanded in the Enforcement Directorate’s (ED)

This action is in connection with an alleged fraud case amounting to ₹538 crore.

The money laundering case is rooted in a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI) against Jet Airways,

The FIR was lodged based on the bank’s complaint, which alleged that Canara Bank had sanctioned credit limits.

It was further alleged that Jet Airways had diverted funds to its subsidiaries.