ED attaches properties worth over 538 Cr in money laundering investigation against Jet Airways (India) Limited

The Enforcement Directorate (ED) has provisionally attached properties worth over 538 crore rupees in the money laundering investigation against Jet Airways (India) Limited. The attached properties include 17 residential flats and commercial premises in the name of various companies and persons.

This includes founder Chairman of Jet Airways (India) Limited Naresh Goyal, his wife Anita Goyal, and son Nivaan Goyal properties situated in London, Dubai, and various States of India.

ED initiated the investigation on the basis of an FIR registered by CBI on the basis of a written complaint submitted by Canara Bank, Mumbai. The complainant alleged offences of cheating, and criminal conspiracy, which resulted in a massive non-performing asset of over 538 crore rupees.

The agency investigation revealed Jet Airways (India) Limited siphoned off the loans from a consortium of banks led by SBI and PNB.