The Jet Airways founder and former chairman Naresh Goyal in the case Naresh Goyal v. Directorate of Enforcement observed and has approached the Bombay High Court to challenge his recent arrest by the Enforcement Directorate, ED in an alleged Rs. 538 Crores in the money laundering case. The Division bench comprising of Justice Revati Mohite Dere and Justice Gauri Godse was hearing the plea.
In the present case, the Goyal has challenged the arrest as well as the orders issued by the special court under the Prevention of Money Laundering Act, PMLA wherein the court remanded him to the custody of the ED and subsequently to judicial custody.
The said case pertains to a complaint registered by Canara Bank in November last year with the Central Bureau of Investigation, CBI, wherein it alleged cheating, criminal conspiracy, criminal breach of trust and criminal misconduct by Goyal.
Therefore, an FIR was registered this year in May based on the complainant of Bank, wherein it alleged that loans of over Rs. 848 crores had been extended to Jet Airway India, Ltd with over an amount of Rs. 538 crores remaining outstanding.
However, Gopal was being enroute to the Serious Fraud Investigation Office, SFIO when the Enforcement Directorate, ED detained him for questioning. Thus, the Goyal was arrested by the ED on September 1. Further, he was being produced before the special court wherein the court ordered his detention in ED custody until September 14. Accordingly, he was remanded for the to judicial custody for a duration of two weeks till 29.09.2023.
