The Enforcement Directorate (ED) is waiting for an official complaint by lenders to Jet Airways against the cash-strapped airline and its former promoter Naresh Goyal, before initiating action against them under anti-money laundering laws.
“There are pieces of information regarding unexplained fund trails and siphoning off of funds, but all that requires a formal complaint for investigation under the provision of Prevention of Money Laundering Act (PMLA),” said an ED official.
Citing the restriction under PMLA, he explained that there should be a predicate offence registered by any other agency or the police. Only if the offence is investigated by another agency under schedule offences can the ED take action.
