Jet Airways founder Naresh Goyal has been arrested by the Enforcement Directorate (ED) in an alleged Rs. 538 crore money laundering case linked to Canara Bank, as per the sources.
Mr. Goyal was taken into custody under the Prevention of Money Laundering Act (PMLA), which was followed by a long session of interrogation at the ED’s Mumbai office.
The accused will be presented before a special PMLA court on Saturday wherein the ED officials will seek his custody remand.
The roots of money laundering case goes back to a First Information Report (FIR) of the Central Bureau of Investigation (CBI) against Jet Airways, Mr. Goyal, his wife Anita and some of the former executives of the company in connection with the Canara Bank fraud case.