Indian authorities seize $65 mln of property in Jet Airways fraud case

Posted on:
Key Points

Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai, India, November 29, 2017..

BENGALURU, Nov 1 (Reuters) - India's financial crime agency has seized properties worth 5.38 billion rupees (nearly $65 million) as part of its probe into money laundering allegations against the now-defunct Jet Airways (JET.NS) and founder Naresh Goyal, the agency said on Wednesday...

The Enforcement Directorate (ED) said it has seized 17 residential and commercial properties in London, Dubai and India that were registered in the names of various companies and people, including Goyal, his wife and son...

Full story at Reuters | 

You might be interested in

ED seizes Rs 538-cr properties linked to Jet Airways in money laundering case

01, Nov, 23

Attached assets include 17 flats, bungalows and commercial properties linked to Jet Airways and its founder chairman Naresh Goyal, wife Anita Goyal and son Nivaan Goyal

Read at Business Today Key Points

India's Enforcement Directorate arrests Jet Airways founder Naresh Goyal, source says

02, Sep, 23

India's financial crime fighting agency on Friday arrested Jet Airways (JET.NS) founder Naresh Goyal, an Enforcement Directorate source said, in a case local media said was related to an alleged 5.38 billion Indian rupees ($65.06 million) money laundering case linked to Canara Bank.

Read at Reuters Key Points