Naresh Goyal questioned by ED in FEMA violation case
MUMBAI: The Enforcement Directorate (ED) probing foreign investment in the defunct carrier’s loyalty programme is questioning Jet AirwaysNSE -1.51 % founder Naresh Goyal at the agency’s Ballard Pier office. Goyal’s questioning follows the recent multi-city searches at about 10 properties linked to Jet, Goyal and his close associates carried out by the federal agency.
This is the first time the federal agency probing the airline under FEMA is questioning the embattled founder.
Last week, beside Goyal, ED carried out raids at the premises of Hasmukh Gardi, who allegedly invested in Goyal’s Isle of Man-based Tail Winds Corporation that controls all financial activities of Jet Airways, the agency said.
