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The Enforcement Directorate (ED) arrested Goyal on September 1 below the PMLA. (File Photograph/ IANS)
The 74-year-old businessman was produced earlier than the court docket on the finish of his ED remand on Thursday. Goyal was despatched to judicial custody by the court docket as no additional remand was sought by the probe company.
Jet Airways founder Naresh Goyal has been despatched to 14 days of judicial custody in financial institution fraud case. The custody was grunted in a cash laundering case linked to an alleged fraud of Rs 538 crore on the Canara Financial institution.
The Enforcement Directorate (ED) arrested Goyal on September 1 below 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 court docket on the finish of his ED remand on Thursday. Goyal was despatched to judicial custody by the court docket 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) towards Jet Airways, Goyal, his spouse Anita and a few former firm executives of the now grounded personal airline in reference to an alleged Rs 538-crore fraud case on the Canara Financial institution.
The FIR was registered on the financial institution’s grievance which alleged that it sanctioned credit score limits and loans to Jet Airways (India) Ltd to the tune of Rs 848.86 crore of which Rs 538.62 crore was excellent.
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