After undergoing eight hours of questioning, Naresh Goyal, the founder of Jet Airways, was arrested by the Enforcement Directorate (ED) in Mumbai.
This arrest is related to a money laundering case connected to a bank fraud, and it was executed under the Prevention of Money Laundering Act.
The ED’s investigation revolves around the airline’s alleged loan defaults, which are said to have caused a loss of 539 crore rupees to Canara Bank. In November 2021, Canara Bank lodged a complaint against Goyal and his wife, accusing them of cheating, conspiracy, breach of trust, and misconduct.
Prior to this, the Central Bureau of Investigation (CBI) had already labeled Goyal as a fraudster, and the ED is now seeking his judicial custody as the investigation progresses.
Next Story:
-
No Change In Gold Prices In Hyderabad Today
The gold rates today stable in Hyderabad on 19 April, 2026. Going by the rates today, the price of 10 grams of 22-carat gold is Rs. 1,42,800 while the rate of 10 grams of 24-carat gold is at Rs 1,55,780.
-
Youth Commits Suicide Under suspicious circumstances
Suryapet / Hyderabad, April 18 (Maxim News): A young man died after hanging himself from a neem tree under suspicious circumstances on Saturday morning at Anantaram Adda Road in Penpahad Mandal of Suryapet district.
-
Private Bus Catches Fire In KPHB, Passengers Escape Unhurt
Hyderabad, April 18 (Maxim News) A major fire broke out in a private travel bus in the KPHB on Friday night, triggering panic among passengers. However, alert staff ensured that all 20 passengers were safely evacuated before the flames spread, averting a major tragedy.
-
Hyderabad: Father, 2-Year-Old Die in Road Accident
Hyderabad, April 15 (Maxim News): A horrific road accident took place on the Outer Ring Road in Hyderabad. A father and his two-and-a-half-year-old son died after being hit by a tanker that was watering trees.
-
Elder Brother Kills Younger Brother in Chaderghat
Hyderabad, April 15 (Maxim News): A brutal incident took place in the limits of Chaderghat police station in Hyderabad. An elder brother murdered his own younger brother. Geographic Reference
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram