CBI Searches Jet Airways Office, Founder’s Home In Alleged Bank Fraud Case
The CBI has registered the case against Naresh Goyal and his wife Anita.
New Delhi:
The Central Bureau of Investigation (CBI) on Friday raided the home of Jet Airways founder Naresh Goyal in Mumbai, as well as old offices of the airline, in connection with a case of alleged bank fraud of Rs 538 crore, officials said.
The CBI has registered the case against Mr Goyal, his wife Anita, former director Gaurang Ananda Shetty and unknown bank officials on a complaint from Canara Bank, accusing them of diverting funds and causing losses to the bank, they said.
According to sources, the raids at seven locations were not related to the new owners of Jet Airways, the Jalan Kalrock Consortium, which has an office in Gurgaon and is working on reviving the airline that was grounded in April 2019 due to financial trouble.
Jet Airways, once India’s largest private carrier, suspended its operations in April 2019 due to a severe cash crunch and mounting debt. The airline was taken over by a partnership between UAE-based businessman Murari Lal Jalan and London-based Kalrock Capital in June 2021, after a long-drawn insolvency process.
