{"id":614712,"date":"2023-11-03T10:46:19","date_gmt":"2023-11-03T05:16:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614712"},"modified":"2023-11-03T12:32:03","modified_gmt":"2023-11-03T07:02:03","slug":"naresh-goyals-incessant-siphoning-off-of-funds-for-personal-gains-among-reasons-behind-jet-airways-downfall-ed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/naresh-goyals-incessant-siphoning-off-of-funds-for-personal-gains-among-reasons-behind-jet-airways-downfall-ed\/","title":{"rendered":"Naresh Goyal&#8217;s &#8216;incessant siphoning off of funds for personal gains&#8217; among reasons behind Jet Airways&#8217; downfall: ED"},"content":{"rendered":"<p>Mumbai: Jet Airways founder Naresh Goyal&#8217;s &#8216;resistance&#8217; in diluting his stakes and &#8216;incessant siphoning off of funds for personal pecuniary gains&#8217; led to the downfall of the airline, the Enforcement Directorate said in its chargesheet filed before a court here in the alleged fraud of Rs 538 crore at the Canara Bank.<\/p>\n<p>The ED claimed that the airline could have survived had Goyal kept aside his &#8216;ulterior motive&#8217; and allowed professionals to make quick and strategic decisions to change the operating cash flow of the company.<\/p>\n<p>It alleged that Goyal blatantly siphoned off funds from the loss-making Jet Airways (India) Limited (JIL), drained it out of funds and kept on infusing money into the related entities owned by his family members, both in India and abroad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Jet Airways founder Naresh Goyal&#8217;s &#8216;resistance&#8217; in diluting his stakes and &#8216;incessant siphoning off of funds for personal pecuniary gains&#8217; led to the downfall of the airline, the Enforcement Directorate said in its chargesheet filed before a court here in the alleged fraud of Rs 538 crore at the Canara Bank. The ED claimed that the airline could have survived had Goyal kept aside his &#8216;ulterior motive&#8217; and allowed professionals to make quick and strategic decisions to change the operating cash flow of the company. It alleged that Goyal blatantly siphoned off funds from the loss-making Jet Airways (India) [&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-614712","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\/614712","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=614712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}