India

CBI Raids Jet Airways’ Office, Founder Naresh Goyal’s Property In Connection With 538 Cr. Bank Fraud Investigation

The CBI on Friday conducted searches at seven locations including the premises of Jet Airways and its founder Naresh Goyal in Mumbai in connection with an alleged Rs 538-crore fraud case in Canara Bank, officials said.

The CBI searches were spread across the residences and offices of Goyal, his wife Anita, and former airline director Gaurang Ananda Shetty.

The agency has registered a new case of alleged bank fraud of Rs 538 crore on a complaint from Canara Bank, they said.

The allegations pertain to the alleged diversion of funds among other irregularities, they said.

The company was in the process of revival after Jalan Kalrock Consortium won the bid for Jet Airways under the insolvency resolution process at National Company Law Tribunal (NCLT).

Scroll Down For A  Clear View of the Case

 

With PTI Inputs
Shruti Chaturvedi

Recent Posts

Lok Sabha To Hold Eight-Hour Debate On Waqf Amendment Bill Amid Opposition Pushback

The Lok Sabha will take up the Waqf (Amendment) Bill for discussion on April 2,…

11 hours ago

India’s GST Collections Surge 9.9% To Rs 1.96 Lakh Crore In March

India's Goods and Services Tax (GST) collections rose by 9.9 per cent to Rs 1.96…

13 hours ago

What Happens When You Drink Coconut Water Daily For A Month?

Drinking coconut water daily for a month can significantly improve hydration, digestion, and overall health.

14 hours ago

METAPLASIA 2025: Where Sports Meet Transformation

The METAPLASIA 2025 Sports Fest at the New Chandigarh campus witnessed thrilling competitions in cricket,…

14 hours ago

Indian Railways Achieves Record Freight Loading & Revenue In Fiscal 2025

Indian Railways achieved record freight and revenue in 2025, surpassing the US in cargo transport…

15 hours ago

German Tourist Calls Delhi Metro ‘Better Than London Tube’ In Viral Post

German traveler Alex Welder praised the metro systems in Delhi and Agra, calling them 'better…

15 hours ago