Arrested Jet Airways Founder Naresh Goyal In ED Custody Till Sept 11

Jet Airways founder Naresh Goyal, who was arrested by the Enforcement Directorate (ED) on Friday night in an alleged Rs 538 crore money laundering case linked to loans and credit lines given to the airline by Canara Bank, has been sent to the ED's custody till September 11. The money laundering case is based on a first information report (FIR) against Jet Airways, Mr Goyal, his wife Anita and some former company executives, which was registered by the CBI on May 3. The FIR was filed after Canara Bank alleged a Rs 538 crore fraud.