BREAKING NEWS
Wish to work for betterment of my state Odisha: UPSC 2nd rank holder Animesh Pradhan
Koppal: Sanganna Karadi resigns from BJP
Am an independent, no more with BJP to face disciplinary action: rebel leader Eshwarappa
India aims to achieve debris-free space missions by 2030: ISRO chief Somanath
Markets slump for third day on fears of escalating tensions in Middle East; IT stocks drag
LS polls: Rahul Gandhi attacks PM Modi calls him instrument of rich
Renowned musician K G Jayan passes away
RCB’s Maxwell to take a break from IPL 2024 for mental and physical wellness
Boat capsizes in Jhelum river in J-K; at least 4 dead
BJP files complaint with Election Commission against Karnataka Minister D Sudhakar
Lamborghini burnt by old car dealer over dispute with owner in Hyderabad
No way to hide when your confidence is low: Faf du Plessis
Firing outside Salman Khan’s residence: Alleged shooter and accomplice arrested
Travis Head guides SRH to record IPL total of 287/3 against RCB
EC says Tharoor’s statement against Chandrasekhar in interview violates model code
ED searches Jet Airways founder Naresh Goyal’s properties in Delhi, Mumbai
PTI, Aug 23, 2019, 3:18 PM IST
New Delhi: The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law, officials said.
They said the searches are being carried out under the provisions of the Foreign Exchange Management Act (FEMA) and are aimed at gathering additional evidence. Premises in Mumbai and Delhi are being searched, they said.
A full-service carrier, Jet Airways shuttered operations on April 17 after running out of cash. A Ministry of Corporate Affairs (MCA) inspection report had found large-scale irregularities, including diversion of funds, at the airline, sources had said in July.
In March, Goyal stepped down as chairman of the airline. Currently, Jet Airways is undergoing resolution process under the Insolvency and Bankruptcy Code.
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