In a big development, the Enforcement Directorate (ED) on Friday arrested Naresh Goyal, the founder of Jet Airways, in connection with a money laundering case, sources said.
The sources said that Goyal was arrested at around 10 p.m. on Friday after a marathon interrogation in connection with causing Rs 538 crore loss to Canara Bank. He will be produced before a PMLA court in Mumbai on Saturday.
The ED case is based on an FIR registered by the Central Bureau of Investigation (CBI) in May this year. On May 5, CBI officers had conducted searches at seven locations in Mumbai, including Goyal's residence and offices.
The CBI FIR said that a written complaint filed on November 11 last year alleged cheating, criminal conspiracy, criminal breach of trust and criminal misconduct by the Jet Airways founder.
The complaint, signed by P. Santosh, Chief General Manager, Canara Bank, also mentioned Anita Naresh Goyal, Gaurang Ananda Shetty, unknown public servants and others, causing a wrongful loss of Rs 538.62 crore to the bank.
In April 2019, Jet Airways suspended its operations due to a severe cash crunch and mounting debt. The airline once used to be India's largest private carrier.
The sources clarified that the CBI searches were not conducted at the premises linked to the new owners of Jet Airways.
PM Modi congratulates CBSE students, says 'one exam can never define you'
Prime Minister Narendra Modi on Tuesday congratulated lakhs of students across India who appeared for the Class 10 and 12 Board examinations, as the Central Board of Secondary Education (CBSE) announced the results.
Defence Minister Rajnath Singh reviews security with top officials, chiefs of forces
A day after Prime Minister Narendra Modi outlined the new normal in the country’s tough anti-terror policy, Defence Minister Rajnath Singh on Tuesday reviewed the security situation with top officials and chiefs of forces.
CBSE Class 10 results declared; girls outperformed boys once again
The Central Board of Secondary Education (CBSE) announced the Class 10 Board exam results for 2025 on Tuesday. This year, an impressive 93.66 per cent of students passed the examination. Over 23 lakh students appeared for the exam, which was held at 7,837 centres across 26,675 affiliated schools.
Chinese missile maker's stock tanks over 6 pc after India destroys its air weapon
The shares of Zhuzhou Hongda Electronics Corp Ltd, the Chinese defence company that manufactures the PL-15 missile, dropped sharply by 6.42 per cent or 2.56 Yuan to 37.33 Yuan on Tuesday, after India's air defence system successfully intercepted and destroyed the missile during the conflict with Pakistan.
Three terrorists killed in J&K gunfight
Three terrorists were killed on Tuesday in a gunfight with the joint forces in Keller area of Jammu and Kashmir's Shopian district. V. K. Birdi, IGP (Kashmir), told reporters that three terrorists have been killed.
CBSE announces Class 12 result; pass percentage 88.39 per cent
The Central Board of Secondary Education (CBSE) on Tuesday declared the results for the Class 12 examinations, in which girls once again outperformed boys.
India is eternally grateful to armed forces: PM Modi visits Adampur Airbase after 'Operation Sindoor'
Prime Minister Narendra Modi on Tuesday morning visited the Adampur Airbase in Punjab to meet Indian Air Force personnel and express the nation's gratitude for their courage and fearlessness in defending the country.
Devotees throngs Venuban Vihar; meditates and offer prayer to Lord Buddha
Along with the rest of the world, Buddha Purnima was observed here at Agartala with a traditional fervour to mark not only the day when Gautam Buddha was born, but also the day when he attained Nirvana under the Mahabodhi tree at Bodh Gaya.