{"id":295744,"date":"2019-10-11T11:20:18","date_gmt":"2019-10-11T05:50:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295744"},"modified":"2019-10-11T11:27:42","modified_gmt":"2019-10-11T05:57:42","slug":"ed-questions-jet-founder-naresh-goyal-in-fema-case","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ed-questions-jet-founder-naresh-goyal-in-fema-case\/","title":{"rendered":"ED questions Jet founder Naresh Goyal in FEMA case"},"content":{"rendered":"<p>Mumbai: The Enforcement Directorate (ED) on Thursday questioned Jet AirwaysNSE -4.81 % founder Naresh Goyal, in connection with alleged violations of the foreign exchange law in an equity deal in a company that operated the airline\u2019s loyalty and rewards programme.<\/p>\n<p>In 2014, UAE-based Etihad Group had bought a 50.1% stake in Jet Privilege Pvt Ltd (JPPL), which was then hived off as an independent entity. Jet Airways holds 49.9% of JPPL. The ED is trying to ascertain whether Etihad had received the nod from the now-defunct Foreign Investment Promotion Board for the investment.<\/p>\n<p>According to people in the know, Goyal was questioned at the ED\u2019s Mumbai office on issue related to restructuring of the airline and expenses which were \u201cdeemed\u201d fictitious.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Enforcement Directorate (ED) on Thursday questioned Jet AirwaysNSE -4.81 % founder Naresh Goyal, in connection with alleged violations of the foreign exchange law in an equity deal in a company that operated the airline\u2019s loyalty and rewards programme. In 2014, UAE-based Etihad Group had bought a 50.1% stake in Jet Privilege Pvt Ltd (JPPL), which was then hived off as an independent entity. Jet Airways holds 49.9% of JPPL. The ED is trying to ascertain whether Etihad had received the nod from the now-defunct Foreign Investment Promotion Board for the investment. According to people in the know, Goyal [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-295744","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=295744"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295744\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}