{"id":296189,"date":"2019-10-15T12:06:48","date_gmt":"2019-10-15T06:36:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296189"},"modified":"2019-10-15T12:06:48","modified_gmt":"2019-10-15T06:36:48","slug":"jet-formed-illegal-pacts-with-related-offshore-parties","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-formed-illegal-pacts-with-related-offshore-parties\/","title":{"rendered":"Jet formed illegal pacts with related offshore parties"},"content":{"rendered":"<p>MUMBAI: An ongoing probe against Jet AirwaysNSE -4.77 % founder Naresh Goyal has revealed that the grounded carrier entered into illegal agreements with related offshore parties based in tax havens at rates way above market prices, causing losses to the airline as well as the national exchequer, said people aware of the matter.<\/p>\n<p>They said the Enforcement Directorate (ED) has gathered details of the offshore entities, with which Jet Airways and its group companies entered into lease and maintenance and general sales agent (GSA) agreements, on the basis of information shared by the Toronto-based Egmont Group \u2014 an international network of 164 financial intelligence units formed for the purpose of combating money laundering as well as terror financing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: An ongoing probe against Jet AirwaysNSE -4.77 % founder Naresh Goyal has revealed that the grounded carrier entered into illegal agreements with related offshore parties based in tax havens at rates way above market prices, causing losses to the airline as well as the national exchequer, said people aware of the matter. They said the Enforcement Directorate (ED) has gathered details of the offshore entities, with which Jet Airways and its group companies entered into lease and maintenance and general sales agent (GSA) agreements, on the basis of information shared by the Toronto-based Egmont Group \u2014 an international network [&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-296189","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\/296189","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=296189"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296189\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}