MUMBAI: The Enforcement Directorate (ED) on Friday arrested Jet Airways founder Naresh Goyal in an alleged money laundering case linked to the Rs 538-crore Canara Bank loan fraud case.
His arrest in Mumbai came after seven hours of questioning during the day.
He will be produced before the special PMLA court Saturday.
The Jet Airways (India) Ltd had dealings with Canara Bank since 2005, and all exposures to the company were under a State Bank of India-led consortium arrangement.
According to the bank’s complaint, when Goyal’s companies started defaulting on repayment of loans availed from the consortium, the bank called in a forensic auditor to scrutinise all transactions and documentations processed between April 1, 2011 and June 19, 2019.
The forensic audit report, submitted on February 10, 2021, pointed out “glaring irregularities”.
According to the CBI, the audit report found fraudulent features such as diversion and siphoning of funds by the accused companies.
