Jet Airways’ Founder Naresh Goyal Held Over Alleged Canara Bank Loan Fraud

  • Naresh Goyal, founder of Jet Airways, arrested by the Enforcement Directorate in connection with an alleged loan fraud involving around ₹538.62 crore of Canara Bank.
  • Goyal and others were accused in a CBI case, involving misuse of sanctioned loans that pushed the company into liquidity and operational issues.
  • A forensic audit revealed suspected fund diversion and siphoning; over ₹420 crore was paid to entities undertaking different services than mentioned in their invoices.
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