Naresh Goyal. File picture
| Photo Credit: The Hindu
The Enforcement Directorate (ED) on Tuesday filed a chargesheet against Jet Airways founder Naresh Goyal and five others in an alleged case of fraud of Rs. 538 crore on the Canara Bank.
Mr. Goyal was arrested by the ED on September 1 underneath the Prevention of Money Laundering Act (PMLA). He is at present in judicial custody and lodged on the Arthur Road jail right here.
The chargesheet against Goyal and others was filed in a courtroom right here, which is prone to take cognisance of it on Wednesday, a lawyer linked to the case stated.
The cash laundering case stems from the FIR of the Central Bureau of Investigation against Jet Airways, Mr. Goyal, his spouse Anita and a few former firm executives of the now-grounded non-public airline in reference to the alleged fraud case.
The FIR was registered on the bank’s criticism, which alleged that it sanctioned credit score limits and loans to Jet Airways (India) Ltd. to the tune of Rs. 848.86 crore, of which Rs. 538.62 crore was excellent.
Earlier, throughout his remand listening to, the CBI had stated that Mr. Goyal siphoned off cash from India to overseas by creating numerous trusts in international nations. The probe revealed that he created numerous trusts overseas and bought numerous immovable properties. The cash for these trusts is nothing however the proceeds of crime, it had stated.
