Naresh Goyal created tax evading schemes: ED
The Enforcement Directorate on Saturday alleged Jet Airways founder Naresh Goyal “structured” a number of tax evading schemes and siphoned off huge funds in foreign jurisdictions.
The federal probe agency had carried out searches on Friday at a dozen locations of Goyal, his firms and partner agencies in Mumbai and Delhi on charges of alleged contravention of the foreign exchange law.
“The search resulted in the seizure of various incriminating documents and digital evidences. Further investigation and analysis of the seized documents is going on,” the agency said in a statement.
It said preliminary probe “indicates that Goyal structured various tax evading schemes involving its domestic and foreign companies, thereby siphoning off huge amount in foreign jurisdictions through dubious or fictitious transactions”.
