Goyals Used Part Of Loan Given To Jet Airways To Buy Furniture, Jewellery: Probe Agency
NDTV
The Enforcement Directorate told the court that Rs 9.46 crore was used by Naresh Goyal and his family for their personal expenses.
Seeking the custody of Jet Airways founder Naresh Goyal, the Enforcement Directorate told a court on Saturday that the Goyal family spent a part of the money given to the company as loans for their personal use. Among other things, the money was used by Mr Goyal and his wife to buy furniture and jewellery.
The ED's counsel told the special Prevention of Money Laundering Act (PMLA) court in Mumbai that a consortium of banks had loaned money to Jet Airways (India) Ltd for operational use, but Rs 1,152 crore was spent on consulting fees. The company also lent Rs 2,500 crore to its sister entity Jet Lite (India) Ltd and then forgave the loan.
While the ED had sought Mr Goyal's custody for 14 days, the court remanded him in the agency's custody till September 11.
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