Naresh Goyal quizzed by ED over FEMA violations
New Delhi: The Enforcement Directorate (ED) on Friday questioned Jet Airways (India) Ltd founder Naresh Goyal at the agency’s Ballard Estate office in Mumbai, in a case related to alleged violation of foreign exchange laws, one person with direct knowledge of the matter said, requesting anonymity.
In August, the ED had carried out searches under the provisions of the Foreign Exchange Management Act (FEMA) across properties belonging to Goyal.
According to reports, the ED is probing foreign investment in the grounded carrier’s loyalty programme, Jet Privilege Pvt. Ltd (JPPL). The agency is also probing the airline’s promoter under the Prevention of Money Laundering Act (PMLA) and for alleged tax evasion.
