Jet Airways Founder Naresh Goyal Sent To Arthur Road Jail In Loan Fraud Case

Naresh Goyal, founder of the airline Jet Airways, was remanded in judicial custody for 14 days by the special PMLA court on Thursday. The 74 year old was then shifted to Arthur Road jail.

The founder of Jet Airways was arrested by the Enforcement Directorate on September 1st in connection with an alleged loan fraud case involving Jet Airways, Goyal and others. Naresh Goyal was produced in the special PMLA court on Thursday morning after his remand in ED custody ended.

After being remanded in judicial custody, Naresh Goyal filed several pleas asking the court to allow his family physician, regular medical consultant, and personnel specialist doctor to conduct his daily medical check-ups.

Goyal said that on September 13, he was taken to JJ Hospital after feeling uneasiness and dizziness. Goyal also claimed that he had an 80% blockage in his left main artery and was being treated for depression.

Goyal also pursued permission to meet his family members or call them for an hour every day, his wife's cancer diagnosis. The court has asked the prison authorities and ED to submit their replies to Goyal's pleas by Monday. The court has allowed him to eat homely food according to his dietary prescription.

The Enforcement Directorate (ED) has also alleged that Jet Airways took a loan from a consortium of 10 banks between 2011-12 and 2018-19 to meet its operational expenses. However, ₹6,000 crore loan is still unpaid.

The ED said a forensic audit revealed that ₹1,152 crore was diverted in the guise of consultancy and professional fees, and ₹2,547.83 crore was diverted to a sister concern, Jet Lite Limited (JLL), to clear its loan.

Jet Airways wrote off the money it had advanced to its sister concern, Jet Lite Limited (JLL). The ED also alleged that Goyal's family members and domestic help were paid around ₹9.46 crore.