Mumbai: Jet Airways founder Naresh Goyal sent in ED custody till September 11

Jet Airways founder Naresh Goyal taken to ED custody (Pic/Atul Kamble)

On Saturday, a Mumbai court sent Jet Airways founder Naresh Goyal to Enforcement Directorate's custody till September 11.

Earlier, on Friday, September 1, the Enforcement Directorate (ED) had arrested Naresh Goyal, in connection with the Canara Bank fraud case. The fraud reportedly involves Rs 538 crores, official sources told mid-day.

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In July this year, the ED had initiated a fresh money-laundering case against Goyal. The ED had carried out searches at several locations in Mumbai and elsewhere as part of their investigation under the Prevention of Money Laundering Act (PMLA).

Goyal was taken into custody on Friday under the PMLA following a long session of questioning at the central agency's office in Mumbai

The case is based on an FIR registered by the Central Bureau of Investigation (CBI) earlier in May this year..