Money laundering case: Jet Airways founder in ED custody

by Jeremy Spirogis
778 fine for drunk driving, 1100 for violation of traffic rules – New Year celebration

Highlights:

  • Case filed for cash laundering on Jet Airways founder Naresh Goyal

  • ED questioned Naresh Goyal in custody

  • ED raid on Naresh Goyal's residence

Raj Express. Naresh Goyal, the founding father of Jet Airways, is in bother, as a brand new cash laundering case has been filed towards him. The Enforcement Directorate (ED) interrogated the founder Naresh Goyal for hours on Wednesday night time in a Mumbai-based home, though the Central Investigation Agency crew additionally raided his residence.

The case was filed on account of these allegations:

A case of cash laundering has been registered towards Jet Airways founder Naresh Goyal. <! –

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                 In reality, he’s accused of not directly controlling a number of corporations overseas, a few of that are in tax haven international locations. During the investigation, it was additionally revealed that Naresh Goyal has despatched cash in another country via a number of suspicious transactions between home and overseas corporations to save lots of tax.

19 Suspicious transactions involving non-public agency:

Explain that the Enforcement Directorate (ED) is trying into the suspicious transaction case involving 19 non-public companies associated to Naresh Goyal. Out of 19 non-public companies, 14 companies are in India and 5 overseas. The central company Jet and Naresh Goyal are being investigated below the Foreign Exchange Management Act (FEMA). Not solely this, other than Naresh Goyal, the ED has additionally questioned his spouse and son 2-Three occasions. It goes on to say that in August final 12 months, the home of Naresh Goyal was searched by the ED.

Officials mentioned that throughout the raids, fee paperwork and digital proof made to overseas corporations had been captured. The officer had additionally reported that, the company is investigating alleged violations of FEMA towards Jet Airways and Goyal primarily based on complaints acquired from numerous sources.

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