CBI raids Jet Airways offices, residence of founder Naresh Goyal in bank fraud case

NEW DELHI: The Central Bureau of Investigation (CBI) on Friday carried out searches at 7 locations linked to Jet Airways in Mumbai in connection with a Rs 538 crore bank fraud case. Searches were also carried out at residences of Jet Airways founder Naresh Goyal, Anita Goyal and former company director Gauranga Anand Shetty.
The agency had registered a case of bank fraud on a complaint from Canara Bank. The allegations pertain to alleged diversion of funds among other irregularities.
The company was in the process of revival after Jalan Kalrock Consortium won the bid for Jet Airways under the insolvency resolution process at National Company Law Tribunal (NCLT).
(This is a developing story)