NEW DELHI: The Enforcement Directorate (ED) on Friday arrested Jet Airways founder Naresh Goyal in a bank fraud-linked money laundering case, officials said.
Goyal was taken into custody under the Prevention of Money Laundering Act (PMLA) following hours of questioning at the central agency’s office in Mumbai.
The 74-year-old is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek his custodial remand.
The agency is probing the airlines for allegedly defaulting loans that caused wrongful loss of Rs 539 crore to Canara Bank.
