Bharat Express

Jet Airways

The plea was merely an instrument to evade and escape the legal custody

Naresh Goyal, the founder of Jet Airways, finds himself in legal trouble as he has been remanded in the custody of the Enforcement Directorate (ED) until September 11th.

Naresh Goyal was taken into custody after a lengthy interrogation at the ED's office in Mumbai.

Deloitte is once again in the news, not for good reasons. It has resigned as auditor of the Adani Group's port company.  The auditor wanted a wider remit over other firms in the conglomerate.

In connection with an alleged bank fraud case totaling Rs 538 crore, the Central Bureau of Investigation (CBI) searched seven sites, including the offices of Jet Airways and its founder Naresh Goyal.

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

Jet Airways chief executive officer-designate Sanjiv Kapoor will be departing the company just a year post joining the grounded carrier.

The airline is now preparing to restart its services..