Enforcement Directorate (ED) conducted a raid at the residence of former Chairman of Jet Airways, Naresh Goyal in connection with an alleged money laundering case.
The ED has registered a case, under the Prevention of Money Laundering Act (PMLA), against Jet Airways founder Naresh Goyal. This is the first time the agency has booked Goyal for alleged money laundering.
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Earlier, Naresh Goyal and his wife were questioned on multiple occasions by the agency in connection with FEMA (Foreign Exchange Manipulation Act) violations being probed by the agency.
Naresh Goyal’s lawyers were also present at the ED office and then followed ED officials when they took him to his residence located on the Altamount road in Mumbai.
Goyal had stepped down from the post of the chairman in March last year, paving way for lenders to bail out the financially troubled airline he had set up 25 years ago.
(With agency inputs)