Naresh Goyal was taken in the custody under the Prevention of Money Laundering Act { PMLA }. The arresting was held by the Enforcement Directorate { ED } the founder of Jet Airways Mr Naresh Goyal in an cheated Rs 538 Crore money laundering case affiliated to Canara Bank, sources said.

Mr Goyal was taken into custody under Prevention of Money Laundering Act { PMLA } , go behind a prolong session of questioning  at the ED "s office inMumbai.

Mr GOYAL who is 74 years old wll be to bring before special PMLA court inMumbai on Saturday, where  the Enforcement Directorate  will seek his custodial remand.

The money laundering case  takes from a FIR { First Information Report } of the CBI { Central Bureau of Investigation } against Jet Airways, Mr Goyal , his wife Anita and some former executives in connection with amount Rs 538 Carore fraud case by Canara Bank.

The FIR was launched on the bank"s officers complant that supposed the sanctioned credit limits andsalaries  loans to Jet Airways India Ltd  { JIL } to the tune of Rs 848.86 crore , of which Rs 538.62 crore is outstanding.

The CBI told the account was answered in ' fraud '  in July 2021. The bank has taken immediate audit of JIL flashed the companies rS 1410.41 Crore out of a totel commission expenses to remove gradullay off funds from Jat Airways Ltd.

According to FIR said that the personal expenses of company such as Employees salaries , Phone Bills and Vehicle expenses, among many others  of the Goyal family were paid by Jet Airways Ltd.

Meanwhile in the ground stage during the forensic audit was held in company it was found were that funds was divertified off through Jet Lite { india } Ltd { JLL } by doing transfered advance and invested in due course writing off the same by accomplishing preparationsfor the sister concern JLL in the form of loans and advances and with expenditure protract in the company.this is nothing only n only cheating case with the Canara Bank.