As part of its continuing money laundering investigation involving Jet Airways, the Enforcement Directorate has attached assets totaling 538 crore. This contains a number of residential apartments, bungalows, and commercial properties in London, Dubai, and other Indian towns. A chargesheet for suspected bank loan fraud was filed against Goyal this week in Mumbai before a special PMLA court.
“The tied properties include 17 residential bungalows/flats and commercial premises in the name of different companies and persons viz. M/s Jet Enterprises Private Limited, and M/s Jetair Private Limited, founder Chairman of M/s Jet Airways (India) Limited (JIL) Naresh Goyal, and son Nivaan Goyal and his wife Mrs Anita Goyal, situated in London, Dubai, and various states of India,” the law enforcement agency said in a tweet.
The ED apprehended Goyal on September 1 and he is still in judicial custody. On Tuesday, a chargesheet was filed against the 74-year-old businessman and five others in connection with an alleged 538-crore scam at Canara Bank.
The money laundering case arises from a first information report filed by the Central Bureau of Investigation against Jet Airways, Goyal, his wife Anita, and certain former Jet Airways officials.
“JIL siphoned off loans from a consortium of banks led by PNB and SBI, and Naresh Goyal organized a massive financial fraud in which JIL funds were carefully diverted in the garb of unreasonable and inflated General Sales Agent (GSA) commissions, huge unexplained payouts to various professionals and consultants, by giving loans to JetLite Limited (100% subsidiary to acquire Air Sahara), and subsequently writing off the loans by making provisions.”