Big news coming in. Jet Airways founder Naresh Goyal was arrested on Friday by ED in the 538 crore rupee Canara bank fraud. Before his arrest, he was questioned by the ED in Mumbai.
Goyal was headed to the Serious Fraud Investigation Office (SFIO) for questioning, but ED officials took him in for questioning. He had earlier missed two summons by the central probe agency. Goyal will be produced before a special PMLA court in Mumbai on Saturday, where the ED will seek his custodial remand.
The case in which Goyal is booked is based on a FIR registered by the Central Bureau of Investigation. On May 5, 2023, CBI officials conducted searches at seven locations in Mumbai, which included Goyal’s residence and offices too.
According to CBI FIR, a written complaint filed on November 11, 2022, alleged cheating, criminal conspiracy, criminal breach of trust and criminal misconduct by Jet Airways founder Naresh Goyal.
The complaint was signed by P Santosh, who is the Chief General Manager of Canara Bank. The complaint also mentioned that Anita Naresh Goyal, Gaurang Ananda Shetty and some unknown public servants and others have caused a wrongful loss to the bank.
The bank’s complaint alleged that it sanctioned credit limits and loans to Jet Airways Ltd, to the tune of ₹ 848.86 crore, of which ₹ 538.62 crore is outstanding. The CBI had said the account was declared ""fraud"" on July 29, 2021.
The bank had alleged that the forensic audit conducted in the accounts of Jet Airways (India) Ltd revealed alleged fraudulent features like diversion and siphoning of funds. It was also alleged that funds were diverted through Jet Lite (India) Limited. “As per the sample agreement of JIL, it was noted that the expenses of the General Sales Agents (GSA) were to be borne by GSA itself and not by JIL. However, it was observed that JIL has paid various expenses amounting to ₹403.27 crore, which is not in tune with the GSA.” It also alleged that personal expenses, including the staff salaries and phone bills of the Goyal family, were handled by the firm.
In February, a case was lodged by the ED against Goyal and his wife based on a Mumbai police case to probe charges of cheating and forgery on a complaint from Akbar Travels.
Talking about the history of the airline, Jet Airways had shut operations in April 2019 after flying for around 25 years. The reason for this was that the airline failed to generate funds for continuing operations and suffered heavy losses.
#JetAirways #ED #CanaraBank #NareshGoyal #Aviation #Arrest #MoneyLaundering #Scam #CBI #Fraud #JetAirwaysLatestNews #Airlines #AviationSector #Mumbai #HWNews
Goyal was headed to the Serious Fraud Investigation Office (SFIO) for questioning, but ED officials took him in for questioning. He had earlier missed two summons by the central probe agency. Goyal will be produced before a special PMLA court in Mumbai on Saturday, where the ED will seek his custodial remand.
The case in which Goyal is booked is based on a FIR registered by the Central Bureau of Investigation. On May 5, 2023, CBI officials conducted searches at seven locations in Mumbai, which included Goyal’s residence and offices too.
According to CBI FIR, a written complaint filed on November 11, 2022, alleged cheating, criminal conspiracy, criminal breach of trust and criminal misconduct by Jet Airways founder Naresh Goyal.
The complaint was signed by P Santosh, who is the Chief General Manager of Canara Bank. The complaint also mentioned that Anita Naresh Goyal, Gaurang Ananda Shetty and some unknown public servants and others have caused a wrongful loss to the bank.
The bank’s complaint alleged that it sanctioned credit limits and loans to Jet Airways Ltd, to the tune of ₹ 848.86 crore, of which ₹ 538.62 crore is outstanding. The CBI had said the account was declared ""fraud"" on July 29, 2021.
The bank had alleged that the forensic audit conducted in the accounts of Jet Airways (India) Ltd revealed alleged fraudulent features like diversion and siphoning of funds. It was also alleged that funds were diverted through Jet Lite (India) Limited. “As per the sample agreement of JIL, it was noted that the expenses of the General Sales Agents (GSA) were to be borne by GSA itself and not by JIL. However, it was observed that JIL has paid various expenses amounting to ₹403.27 crore, which is not in tune with the GSA.” It also alleged that personal expenses, including the staff salaries and phone bills of the Goyal family, were handled by the firm.
In February, a case was lodged by the ED against Goyal and his wife based on a Mumbai police case to probe charges of cheating and forgery on a complaint from Akbar Travels.
Talking about the history of the airline, Jet Airways had shut operations in April 2019 after flying for around 25 years. The reason for this was that the airline failed to generate funds for continuing operations and suffered heavy losses.
#JetAirways #ED #CanaraBank #NareshGoyal #Aviation #Arrest #MoneyLaundering #Scam #CBI #Fraud #JetAirwaysLatestNews #Airlines #AviationSector #Mumbai #HWNews
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NewsTranscript
00:00 Hello everyone this is Aminah Ansari welcome to HW News English
00:05 Big news coming in Jet Airways founder Naresh Goyal was arrested
00:09 on Friday by ED in the Rs. 538 crore Kanara Bank Fraud.
00:16 Before his arrest he was questioned by the ED in Mumbai.
00:19 Goyal was headed to the Serious Fraud Investigation Office for questioning but the ED officials
00:25 took him for questioning.
00:28 He had earlier missed two summons by the Central Prop Agency.
00:32 Goyal will now be produced before the special PMLA court in Mumbai on Saturday where the
00:37 ED will seek his custodial remand.
00:40 The case in which Goyal is booked is based on a FIR registered by the Central Bureau
00:44 of Investigation.
00:45 On May 5, 2023, CBI officials conducted searches at seven locations in Mumbai which included
00:53 Goyal's residence and offices too.
00:56 According to CBI FIR, a written complaint filed on November 11, 2022, alleged cheating,
01:03 criminal conspiracy, criminal breach of trust and criminal misconduct by Jet Airways founder
01:10 Naresh Goyal.
01:11 The complaint was signed by P Santosh who is the Chief General Manager of Kanara Bank.
01:17 The complaint also mentioned that Anita Naresh Goyal, Gaurang Anandesh Shetty and some unknown
01:23 public servants and others have caused a wrongful loss to the bank.
01:29 The bank's complaint alleged that it sanctioned credit limits and loans to Jet Airways Ltd
01:34 to the tune of Rs. 848.86 crore of which Rs. 538.62 crore is outstanding.
01:44 The CBI has said the account was declared fraud on July 29, 2021.
01:50 The bank had alleged that the forensic audit conducted in the accounts of Jet Airways India
01:56 Ltd revealed alleged fraudulent features like diversion and symphony of funds.
02:02 It was also alleged that the funds were diverted through JetLit India Ltd.
02:07 As per the sample agreement of JIL, it was noted that the expenses of the General Sales
02:13 Agents, GSA, were to be borne by GSA itself and not by JIL.
02:18 However, it was observed that JIL has paid various expenses amounting to Rs. 403.27 crore
02:28 which is not in tune with the GSA.
02:31 It also alleged that the personal expenses including the staff salaries and phone bills
02:36 of the Goyal family were handled by the firm.
02:39 In February, a case was lodged by ED against Goyal and his wife based on a Mumbai police
02:45 case to probe charges of cheating and forgery on a complaint from Akbar Travels.
02:51 Talking about the history of airline, Jet Airways had shut operations in April 2019
02:58 after flying for around 25 years.
03:00 The reason for this was that the airline failed to generate funds for the continuation of
03:06 operations and suffered heavy losses.
03:08 That's all for this news report.
03:11 For more such news and updates subscribe to HW News English.
03:14 Thank you.
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