{"id":601459,"date":"2023-09-04T09:49:10","date_gmt":"2023-09-04T04:19:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=601459"},"modified":"2023-09-04T10:28:53","modified_gmt":"2023-09-04T04:58:53","slug":"explained-why-was-jet-airways-founder-naresh-goyal-arrested-in-rs-538-cr-bank-fraud-case","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/explained-why-was-jet-airways-founder-naresh-goyal-arrested-in-rs-538-cr-bank-fraud-case\/","title":{"rendered":"Explained | Why was Jet Airways founder Naresh Goyal arrested in Rs 538 cr bank fraud case"},"content":{"rendered":"<p>On Friday night, Naresh Goyal, the founder of Jet Airways, was arrested by the Enforcement Directorate (ED) in connection with a money laundering case worth Rs 538 crore. The case is linked to loans and credit lines provided to the airline by Canara Bank.<\/p>\n<p>Why was he arrested?<\/p>\n<p>Due to a significant shortage of funds and an increasing amount of debt, Jet Airways, which was previously India&#8217;s biggest private airline, suspended operations in April 2019.<\/p>\n<p>The alleged Rs 538 crore fraud case at Canara Bank has led to a money laundering investigation involving Jet Airways, its founder Naresh Goyal, his wife Anita, and several former company executives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday night, Naresh Goyal, the founder of Jet Airways, was arrested by the Enforcement Directorate (ED) in connection with a money laundering case worth Rs 538 crore. The case is linked to loans and credit lines provided to the airline by Canara Bank. Why was he arrested? Due to a significant shortage of funds and an increasing amount of debt, Jet Airways, which was previously India&#8217;s biggest private airline, suspended operations in April 2019. The alleged Rs 538 crore fraud case at Canara Bank has led to a money laundering investigation involving Jet Airways, its founder Naresh Goyal, his [&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":[176,146,130],"tags":[],"class_list":["post-601459","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601459","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=601459"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601459\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=601459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=601459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=601459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}