Jet Airways founder Naresh Goyal has been arrested by the Enforcement Directorate (ED) after eight hours of questioning in connection with a money laundering case linked to bank fraud. The arrest was made under the Prevention of Money Laundering Act in Mumbai. The ED is investigating the airline for alleged loan defaults that resulted in a 539 crore loss to Canara Bank. In November 2021, Canara Bank filed a complaint against Goyal and his wife for cheating, conspiracy, breach of trust, and misconduct. The CBI had previously declared Goyal a fraud, and the ED is seeking his judicial custody as the investigation continues. Watch out to know more.
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