ED detains former Jet Airways Chairman Naresh Goyal after questioning

The Enforcement Directorate (ED) has detained former chairman and promoter of defunct Jet Airways, Naresh Goyal after long hours of questioning at its Ballard Estate office on Wednesday.

According to the Times of India, the ED took Goyal to his South Mumbai residence for a search. It has filed a money laundering case against him.

The agency has been probing Jet and Goyal under the Foreign Exchange Management Act (FEMA) and was considering filing a money laundering case.

At least three agencies — the Income-Tax department, Serious Fraud Investigation Office (SFIO) and ED — are probing Jet Airways. While the tax department is probing alleged tax evasion, the SFIO is looking into the affairs of the company and the ED is probing allegations of money laundering also in connection with violation under FEMA stated an Economic Times report.