The Enforcement Directorate raided the residence of Naresh Goyal, founder of Jet Airways, in Mumbai late on Wednesday night in connection with a money-laundering case.
Jet Airways, once India's largest airline, ceased operations in April last year.
According to media reports, the Enforcement Directorate launched the raid in connection with an FIR by a travel company that claimed Naresh Goyal and his wife had cheated it of Rs 46 crore.
The Mumbai Police had registered a complaint against Naresh Goyal and his wife based on a court order issued on February 18. The complaint was lodged by the chief financial officer of Akbar Travels of India. The travel agency alleged that Jet Airways had concealed the extent of its financial crisis even as it cancelled flights.
According to media reports, Naresh Goyal was questioned by the Enforcement Directorate on Wednesday. The Enforcement Directorate had been probing alleged violations of the Foreign Exchange Management Act (FEMA) by Jet Airways and Naresh Goyal.
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The Times of India reported, "The ED, which is probing Jet’s financial deals of the last 12 years, has quizzed Goyal over a dozen times in the FEMA case. It has also questioned his wife and son a couple of times. It is looking into suspicious transactions involving 19 privately held firms —14 registered in India and five abroad—associated with Goyal.”
The FEMA case against Naresh Goyal relates to alleged violations linked to Etihad Airways buying a stake in Jet Airways. In August, agencies had searched 12 properties of Naresh Goyal in Mumbai and Delhi.
