Naresh Goyal, the founder of Jet Airways, was detained on Friday in connection with a Rs 538 crore Canara Bank fraud case. He was questioned by the Enforcement Directorate today prior to his detention.
Goyal was scheduled to be questioned by the Serious Fraud Investigation Office (SFIO), but ED officers detained him instead. He had already ignored two notices from the central investigation agency. The Central Bureau of Investigation (CBI) filed a First Information Report (FIR) in May of the current year, which is the basis for the case. On May 5, CBI agents searched seven places in Mumbai, including Goyal’s residence and workplace.
According to the CBI FIR, Naresh Goyal, the founder of Jet Airways, was accused of fraud, criminal conspiracy, criminal breach of trust, and criminal misconduct in a written complaint submitted on November 11 of last year.
Anita Naresh Goyal, Gaurang Ananda Shetty, unnamed public employees, and others were named in the complaint, which was signed by P Santosh, Chief General Manager of Canara Bank, and claimed that they were responsible for the bank’s unjust loss of Rs 538.62 crore.
After almost 25 years of business, Jet Airways ceased operations in April 2019. The airline sustained significant losses since it was unable to raise money to continue operations.