Web Hosting

इंडियन आवाज़     15 Sep 2019 06:17:08      انڈین آواز

ED questions Jet Airways’ Naresh Goyal for contravention of foreign exchange law


Enforcement Directorate questioned Jet Airways founder Naresh Goyal yesterday in a case of an alleged contravention of the foreign exchange law.

The questioning comes days after a dozen premises, including Goyal’s Mumbai residence, his group companies and offices of Jet Airways were searched by the ED. Goyal’s businesses include 19 privately-held companies, five of which were registered abroad. According to the agency, these foreign firms allegedly carried out doubtful transactions under the guise of selling, distribution and operating expenses. While Goyal’s statement was recorded under the Foreign Exchange Management Act at the agency’s zonal office in Mumbai yesterday, additional evidence may lead to registration of a case under the Prevention of Money Laundering Act.

A full-service carrier, Jet Airways shut its operations in April this year due to financial crisis.

An inspection report by the Ministry of Corporate Affairs revealed large-scale irregularities, including diversion of funds. Currently, the airline is going through the resolution process under the Insolvency and Bankruptcy Code.

Leave a Reply

Your email address will not be published. Required fields are marked *


Watan – A patriotic Song by DD



Bangladeshi novelist Rizia Rahman passes away

AMN Renowned Bangladeshi novelist and the Ekushey Padak winning author Rizia Rahman passed away today in D ...

International Urdu Day Awards announced

  Staff Reporter / NEW DELHI The annual International Urdu Day Awards have been announced. ...


Rani Rampal to captain Indian women’s hockey team on England tour

Hockey, star forward Rani Rampal was today named the captain of the 18-member Indian Women's team which will t ...

Boxing : Manish Kaushik wins his debut bout at the AIBA World Championships

Harpal Singh Bedi / New Delhi, Commonwealth Games silver medallist Manish Kaushik (63 kg) made an impressiv ...

Impressive start by Aadil Bedi, Aman Raj as Indonesian Rory Hie leads at Classic Golf & Country Club International Championship

aadil bedi Harpal Singh Bedi/ Nuh, Haryana Promising youngsters Aadil Bedi and Aman Raj, got off to ...



Qutub Minar glitters amid LED illumination

  QUTUB MINAR Staff Reporter / New Delhi The historic Qutb Minar came alive ...

1 Kg Of Rare Assam Tea Sold For Rs. 70,500

AMN / GUWAHATI A rare variety of tea in Assam was auctioned for Rs. 70, 501 a kg at the Guwahati Tea Auctio ...


PV Sindhu wants Deepika Padukone to star in her biopic

Badminton star PV Sindhu wants actress Deepika Padukone to star in a biopic on her life, if it's ever made. Si ...

Jeetendra, Rakesh Roshan never got their due in Bollywood, feels Rishi Kapoor

Image Source : TWITTER WEB DESK Veteran actor Rishi Kapoor has said his fellow actors Jeetendra and Ra ...


@Powered By: Logicsart