The Enforcement Directorate (ED) has arrested Jet Airways founder Naresh Goyal for allegedly defrauding Canara Bank of Rs 538 crore. Goyal was taken into custody on Friday under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency’s office here. He will be produced before a special PMLA court in Mumbai today where the ED will seek for his custodial remand.
The case is based on an FIR registered by the Central Bureau of Investigation (CBI) earlier in May this year.