News for Jet Airways (India) Limited (JETAIRWAYS.BO)

Naresh Goyal, founder of Jet Airways, tearfully pleads to court to "allow him to die in jail" due to health issues & family illness.

The attached properties include 17 residential flats, bungalows and commercial premises.

This action is part of an ongoing money laundering investigation involving M/s Jet Airways (India) Limited (JIL), which ceased to its operations in April 2019 after 26 years of service due to financial troubles.

The Enforcement Directorate has attached assets worth ₹538 crore as part of its ongoing money laundering probe linked to Jet Airways, including residential flats and commercial premises in London, Dubai, and various Indian cities.

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

Jet Airways founder and others charged in ₹538 crore Canara Bank fraud

Canara Bank fraud case: ED files chargesheet against Jet Airways founder Naresh Goyal, 5 others

Jet Airways founder Naresh Goyal, who is currently in judicial custody for an alleged fraud at Canara Bank, has been granted permission by a special PMLA court to have home-cooked food inside prison. The court stated that Goyal can avail home-cooked food on a daily basis at his own risk and the risk of his family/relatives. Goyal's lawyers had previously submitted an application along with a chart of his health issues during his custody. The money laundering case against Goyal stems from an FIR filed by the CBI against Jet Airways and its former executives.

Naresh Goyal's Enforcement Directorate (ED) custody was supposed to end today.

Dubious and personal expenses of Rs 1,000 crore were made from bank-loan funds for Jet Airways founder Naresh Goyal and his family members even as the airline 'diverted' money to some tax havens, the Enforcement Directorate (ED) alleged on Saturday, after arresting the businessman in a money-laundering case. Goyal (74) was taken into custody late on Friday night after the central probe agency took him to its Mumbai office from Delhi. A special court set up to deal with cases lodged under the Prevention of Money Laundering Act (PMLA) on Saturday sent him to the ED's custody for 10 days, till September 11.

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Stocks to Watch today, Thursday, May 18, 2023: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year

The Sensex and Nifty are set to start the week on a bearish note, following negative cues from global peers, on continuing fears of aggressive rate hikes.