FEMA violation case: Jet Airways founder Naresh Goyal questioned by ED

This is the first time that the central agency is grilling him after it conducted searches against him last year

Naresh Goyal
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Naresh Goyal, founder, Jet Airways

Press Trust of India Mumbai
 Jet Airways founder Naresh Goyal was on Friday questioned here by the Enforcement Directorate in a case of alleged contravention of the foreign exchange law, officials said.  This is the first time that the central agency is grilling him after it conducted searches against him last month.  Goyal's statement has been recorded under the Foreign Exchange Management Act (FEMA) at the agency's zonal office here, they said.  A dozen premises, including Goyal's Mumbai residence in Mumbai, his group companies, their directors and offices of Jet Airways, were searched by the Enforcement Directorate (ED) on August 23.

According to agency sources, the businessman's empire had 19 privately-held companies, five of which were registered abroad.

The agency is probing charges that these

First Published: Sep 06 2019 | 4:25 PM IST

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