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HC dismisses Naresh Goyal’s plea against arrest by ED in ₹538-crore fraud case
The Bombay High Court dismissed a petition by former Jet Airways promoter Naresh Goyal, who sought release from jail after being arrested by the Enforcement Directorate in connection with a bank fraud case. The court stated that the grounds of arrest were furnished to Goyal in writing and that he had not challenged any of the remand orders. Goyal was arrested on 1 September for his alleged involvement in a ₹538 crore loan fraud at Canara Bank.

Jet Airways’ related firm paid ₹20 crore to buy SoBO flats for Goyal family: ED
Jet Airways founder Naresh Goyal and his family used INR 20 crore ($2.7m) borrowed from the airline to buy four flats in Mumbai, according to India's Enforcement Directorate. The sum was diverted from a related entity of Jet Airways, which had borrowed INR 538.62 crore from Canara Bank. The ED has filed charges against Goyal, his wife, and four firms as part of its investigation into the INR 538.62 crore fraud case. Goyal was arrested in September.

ED attaches assets worth ₹538 cr of Naresh Goyal, Jet Airways
The money laundering probe is based on a Central Bureau of Investigation (CBI) case into an alleged bank fraud where it has been alleged that JIL and its promoter and directors cheated banks, which resulted in a massive NPA (non-performing asset) of Rs.538.62 crore

ED attaches Jet Airways, Naresh Goyal family's assets worth ₹538 crore
The attached properties include 17 residential flats/bungalows and commercial premises in the name of various companies and persons.

Goyal used proceeds of crime for personal gain: ED chargesheet
ED’s money-laundering case is based upon an FIR registered by the Central Bureau of Investigation (CBI) in May this year against Jet Airways (India), Goyal, his wife Anita and former company executive Gaurang Ananda Shetty and unknown public servants and private persons in connection with the alleged fraud at Canara Bank
