Investing
India court orders Jet Airways founder to remain in custody till Sept. 11
© Reuters. FILE PHOTO: Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai, India, November 29, 2017. REUTERS/Danish Siddiqui/File Photo
(Reuters) – An Indian court on Saturday decided that Jet Airways founder Naresh Goyal will remain in India’s financial crime agency’s custody until Sept. 11, according to two people familiar with the matter.
Enforcement Directorate which investigates financial crimes in India had arrested Goyal late on Friday night.
Jet Airways did not immediately respond to a request for comment.
The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank.
The bank had filed a complaint in May against the airline, Goyal, his wife and a former airline director for “causing wrongful loss” to the lender.
Read the full article here
-
Side Hustles4 days ago
Why the Best CEOs Think Like Anthropologists
-
Make Money5 days ago
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles7 days ago
LA Rental Prices Skyrocketing Despite Price Gouging Laws
-
Side Hustles7 days ago
How to Craft Marketing Campaigns That Reach Multiple Generations
-
Side Hustles5 days ago
What to Do If TikTok is Banned — How to Protect Your Brand
-
Passive Income5 days ago
How Pets Can Promote Better Health and Well-Being in the Workplace
-
Side Hustles5 days ago
10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Side Hustles6 days ago
Meta Is Laying Off 5% of Its Workforce: Read the Memo