Jet Airways founder Naresh Goyal detained by ED, raids at his Mumbai home

Mumbai. The Enforcement Directorate (ED) filed a new money laundering case against Jet Airways founder Naresh Goyal. The Central Investigation Agency on Wednesday conducted a lengthy interrogation taking him into custody. After this, the agency team reached Goyal’s house in Mumbai and searched here. The ED is investigating Jet’s 12-year financial dealings. In the FEMA case, Goyal, his wife and son have also been questioned many times.

In August last year, the investigating agency raided Goyal’s residence. During this time, suspicious transactions involving their 19 companies were reported. 14 of these firms are in India and 5 abroad. At that time, ED had collected many digital proofs and important documents of fund transfer in these companies. According to the ED, Goyal’s indirect control over companies abroad has come to light. These companies are in countries that are considered tax havens. It is alleged that Goyal mishandled the transaction through his now-defunct airline.

Jet flights stopped last year due to financial crisis

Naresh Goyal resigned as the chairman of Jet Airways in March last year. Subsequently, on April 14, the airline ceased operations citing financial crisis. Thousands of employees working in it became unemployed due to the closure of jet flights.