ED attaches belongings price Rs 503 crore to Jet Goyal founder and others in London and Dubai

Business Standard

The Enforcement Directorate on Wednesday mentioned it has seized belongings price Rs 503 crore in London, Dubai and India of Jet Airways founder Naresh Goyal, his relations and corporations as a part of a cash laundering probe linked to an alleged financial institution mortgage fraud.

The connected properties embrace 17 residential residences, bungalows and industrial buildings.

The federal company mentioned in an announcement that these properties are positioned in London, Dubai and completely different cities in India, and are within the title of various corporations equivalent to Jetair Personal Restricted and Jet Enterprises Personal Restricted, Goyal, his spouse Anita and his son Nevan.

Goyal (74) was arrested by the ED on September 1 and the company filed a chargesheet towards him on Tuesday earlier than a particular courtroom underneath the Prevention of Cash Laundering Act (PMLA) in Mumbai.

(Solely the title and picture of this report could have been reworked by Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

First printed: November 1, 2023 | 5:09 pm he

(Tags for translation)Execution Division

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