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Jet Airways founder Naresh Goyal being grilled by Enforcement Directorate

The Enforcement Directorate (ED) had recently conducted searches at about a dozen premises of Naresh Goyal and his associates in New Delhi and Mumbai.

Updated on: Sep 6, 2019, 16:38:23 IST
Hindustan Times, Mumbai | By
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The Enforcement Directorate (ED) on Friday is questioning Jet Airways founder Naresh Goyal in connection with alleged violations of foreign direct investment (FDI) norms.

Jet Airways founder Naresh Goyal (Reuters file photo)
Jet Airways founder Naresh Goyal (Reuters file photo)

The agency had recently conducted searches at about a dozen premises of Goyal and his associates in New Delhi and Mumbai.

Goyal had stepped down as chairman of Jet Airways in March. The full-service carrier was forced to stop operations on April 17 due to acute liquidity crunch. Currently, the airline is undergoing the resolution process under the Insolvency and Bankruptcy Code (IBC).

Goyal had stepped down as chairman of Jet Airways in March. The full-service carrier was forced to stop operations on April 17 due to acute liquidity crunch. Currently, the airline is undergoing the resolution process under the Insolvency and Bankruptcy Code (IBC).

  • Pratik Salunke
    ABOUT THE AUTHOR
    Pratik Salunke

    Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.Read More

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