Canara bank fraud case: CBI raids Jet Airways founder Naresh Goyal’s residence


The Central Bureau of Investigation (CBI) raided seven distinct locations in Mumbai on Friday, including Jet Airways’ office and the residence of its founder, Naresh Goyal, in connection with a Rs 538 crore alleged bank fraud case.

According to The Hindu, the accused in the First Information Report (FIR) include Jet Airways (India) Limited, its founder-chairman Mr. Goyal, his wife Anita Goyal, and former airline director Gaurang Shetty. The FIR was filed in response to a complaint received from Canara Bank.

Jet Airways ceased operations in April 2019 owing to a severe financial shortage and debt. Following a lengthy bankruptcy resolution procedure at the National Company Law Tribunal (NCLT), a consortium led by UAE-based billionaire Murari Lal Jalan and London-based Kalrock Capital took over control of the airline in June 2021.

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