The Enforcement Directorate (ED) on Friday arrested Jet Airways founder Naresh Goyal in the alleged Rs 538 crore Canara Bank fraud case, officials said.
Goyal,74, was taken into custody under the Prevention of Money Laundering Act (PMLA), after he was questioned by the central agency for hours earlier today.
Now, Goyal will likely be produced before a special PMLA court in Mumbai on Saturday. Here the ED will seek for his custodial remand.
The move follows the ongoing investigation by the Central Bureau of Investigation (CBI) against Goyal, his wife Anita and some former company executives in connection with the fraud case.
ED had also in July conducted aids at multiple locations in Delhi and Mumbai pertaining to Goyal and his close associates.
The CBI had filed an FIR regarding this in May this year.
The was filed FIR on the basis of the Canara Bank’s complaint, alleging that it had sanctioned credit limits and loans to Jet Airways (India) Limited (JIL) of Rs 848.86 crore, of which an amount of Rs 538.62 crore is outstanding.