Naresh Goyal: ED Takes up Rs 538-Crore Canara Bank 'Fraud' Case Being Probed by CBI

New Delhi: The Enforcement Directorate has conducted searches at six to seven premises linked to former Jet Airways promoter Naresh Goyal, as part of a fresh money laundering case against him, PTI has reported.

The Central Bureau of Investigation is already probing a case against Goyal.

PTI has reported that this fresh case under the Prevention of Money Laundering Act (PMLA) follows from the recent first information report lodged by the CBI naming Goyal, his wife Anita and some former company executives in connection with an alleged Rs 538-crore fraud at the Canara Bank.

The bank had lodged a complaint alleging that it had sanctioned credit limits and loans to Jet Airways (India) Limited to the tune of Rs 848.86 crore, of which an amount of Rs 538.62 crore is outstanding, according to PTI.

Mint reports that in May, the CBI too had conducted searches at Goyal’s seven premises in Mumbai which were associated with Jet Airways.

In February this year, the Bombay high court had asked the ED why the Enforcement Case Information Report, the ED's equivalent of an FIR, in an earlier cheating and forgery case against Goyal and his wife could not be quashed.

Justice Revati Mohite-Dere and Justice Prithviraj K Chavan had granted interim relief and said that no coercive action can be taken against the Goyals in the case, Indian Express had reported. The bench had said proceedings against the couple were illegal.

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