Agencies suspect Jet owners siphoned Rs 8k cr via bogus bills
MUMBAI: Probe agencies investigating books of defunct Jet AirwaysNSE -1.13 % suspect that entities related to its founder Naresh Goyal and his associates used thousands of bogus bills to launder some Rs 8,000 crore from the airline into tax havens, people aware of probe details alleged.
Investigators specifically probing the role of Goyal in alleged irregularities at what was once the country’s largest airline are looking into more than 5,000 bills raised by operation creditors, including aircraft lessors, maintenance agencies and general sales agents (GSAs). They suspect most were bogus and raised through entities related to Goyal or associates, sources told ET.
