Naresh Goyal

Bombay HC quashes money laundering case against Jet Airways founder, wife

In a huge relief for former Jet Airways Chairman Naresh Goyal and his wife Anita Goyal, the Bombay High Court on Thursday quashed the Enforcement Directorate (ED)'s case

No coercive action against Jet Airways founder, wife till Jan 31: HC to ED

The Bombay High Court has directed the Enforcement Directorate not to take any coercive steps till January 31 against Jet Airways founder Naresh Goyal and his wife Anita Goyal in a money laundering case. A division bench of Justices Revati Mohite Dere and P K Chavan had granted interim relief to the couple last week. The detailed order was available on Tuesday. The bench is hearing the couple's pleas to quash the Enforcement Case Information Report (ECIR), somewhat similar to an FIR, against them. In 2020, the agency had filed a criminal case against the Goyals and others under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a Mumbai police FIR. The Mumbai police FIR pertains to charges of alleged fraud by the Goyals and others against a city-based travel company. The Goyals, represented by senior advocates Ravi Kadam and Abad Ponda, told the court that there is no predicate offence, as required under the PMLA, to investigate the ECIR. They submitted that

India at 75: Gupta to Mallya - 6 leaders who began well but lost their way

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

Jet Airways to get Rs 50 cr as inter-corporate deposit for certain expenses

As efforts are on to restart services of Jet Airways, Orion IT Parks Pvt Ltd -- whose shareholders are Murari Jalan and Ankit Jalan -- will extend an Inter-Corporate Deposit (ICD) of Rs 50 crore

Path to restart Jet Airways operations tough, uncertain, says expert

He also said that the "terms" accepted by the Jet Airways creditors did not make sense to CAPA

ED opposes closure of cheating case probe against Jet Airways' Naresh Goyal

Stating that the police didn't consider crucial facts of the case, the ED has filed an intervention application before a court

Coronavirus outbreak puts brakes on corporate fraud investigations

Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters

YES Bank case: Jet Airways founder Naresh Goyal appears before ED in Mumbai

Jet Airways' loan exposure to the crisis-ridden Yes Bank is about Rs 550 crore.

YES Bank case: ED summons Subhash Chandra, Naresh Goyal for questioning

DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning

ED grills ex-Jet Airways chief Naresh Goyal, asks him to appear on Friday

This will be the third consecutive day of questioning. On Wednesday, he was summoned to ED Mumbai's office, where he was interrogated for four hours and taken to his residence later in the evening

ED files fresh money laundering case against Jet Airways, Naresh Goyal

Earlier, the financial probe agency had registered a case of Foreign Exchange Management Act violations against the airline and Goyal last year

Bankruptcies, jail and even death: The year was bad for some Indian tycoons

Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.

Jet creditors seek 90-day extension in insolvency resolution process

Synergy Group is the only interested entity shortlisted by the Resolution Professional's team to file a plan for the defunct airlines

Jet Airways, Naresh Goyal under SFIO lens; stock hits lower circuit

The grounded Jet Airways owes over Rs 8,000 crore to its lenders. Besides, the airline is estimated to have a total liability of about Rs 25,000 crore which includes dues of operational creditors.

Jet Airways, Naresh Goyal under SFIO probe for 'siphoning off' money

The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal

Arrest of Mirchi's aide turns the spotlight on corporate-underworld nexus

History shows that links between corporate powerhouses and terror financing are not new. Nor are they restricted to industries such as cinema or real estate

Will Mr Naresh Goyal get lucky once again?

It's anybody's guess whether investigating agencies would be able to pin Naresh Goyal down this time

Enforcement Directorate grills Naresh Goyal over diversion of Jet funds

The enforcement agency is probing Goyal's offshore investments which were made through diversion of funds from Jet Airways to 19 shell companies allegedly managed by him

FEMA violation case: Jet Airways founder Naresh Goyal questioned by ED

This is the first time that the central agency is grilling him after it conducted searches against him last year

Letters to BS: Naresh Goyal not as naive as he is projecting himself to be

The ED has taken possession of various incriminating documents