Jet Airways founder Naresh Goyal has moved the Bombay High Court challenging his arrest by the Enforcement Directorate (ED) in a loan default case. .Goyal has claimed in his petition that his arrest was illegal and has also challenged orders of the special court under the Prevention of Money Laundering Act (PMLA) which had remanded him to ED custody first and thereafter to judicial custody..A division bench of Justices Revati Mohite Dere and Gauri Godse is likely to hear the plea on September 20..Goyal was headed to the Serious Fraud Investigation Office (SFIO) when the ED took him in for questioning in a case registered with the Central Bureau of Investigation (CBI) by Canara Bank in November 2022.After Goyal was questioned, he was officially placed under arrest by ED on September 1.He was produced before the special court which remanded him to ED custody till September 14.On September 14, he was remanded to judicial custody for 2 weeksThe SFIO has been conducting an investigation against the Goyals since 2019 for an alleged fraud involving ₹7,000 crores.Canara Bank has alleged that Goyal along with his wife Anita Goyal and other public officers had cheated, conspired and indulged in a criminal breach of trust against the bank.Their default allegedly caused a wrongful loss of ₹538 crores to the bank, the complaint stated.
Jet Airways founder Naresh Goyal has moved the Bombay High Court challenging his arrest by the Enforcement Directorate (ED) in a loan default case. .Goyal has claimed in his petition that his arrest was illegal and has also challenged orders of the special court under the Prevention of Money Laundering Act (PMLA) which had remanded him to ED custody first and thereafter to judicial custody..A division bench of Justices Revati Mohite Dere and Gauri Godse is likely to hear the plea on September 20..Goyal was headed to the Serious Fraud Investigation Office (SFIO) when the ED took him in for questioning in a case registered with the Central Bureau of Investigation (CBI) by Canara Bank in November 2022.After Goyal was questioned, he was officially placed under arrest by ED on September 1.He was produced before the special court which remanded him to ED custody till September 14.On September 14, he was remanded to judicial custody for 2 weeksThe SFIO has been conducting an investigation against the Goyals since 2019 for an alleged fraud involving ₹7,000 crores.Canara Bank has alleged that Goyal along with his wife Anita Goyal and other public officers had cheated, conspired and indulged in a criminal breach of trust against the bank.Their default allegedly caused a wrongful loss of ₹538 crores to the bank, the complaint stated.
