ED raids 12 locations of former Jet Airways chairman Naresh Goyal

New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at locations of Jet Airways founder Naresh Goyal in connection with a Foreign Exchange Management Act (FEMA) case.

The raids were conducted at 12 locations in Delhi and Mumbai, sources said.

The airline had halted operations in April this year due to acute cash crunch. On 25 March, Goyal, the then Jet Airways chairman, had stepped down.