₹538-crore loan fraud case: Jet Airways founder Naresh Goyal sent to Arthur Road jail

Naresh Goyal, founder of Jet Airways, has been remanded in judicial custody for 14 days.

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He was arrested by the Enforcement Directorate (ED) on September 1.

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The case is related to defrauding Canara Bank of ₹538 crore.

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Goyal was taken to Arthur Road jail after the court's decision.

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He requested daily medical check-ups due to heart issues and 80% blockage in his artery.

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Goyal also sought permission to meet his family members due to his wife's illness.

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The ED alleges that Jet Airways diverted funds to sister concern Jet Lite Limited.

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A forensic audit revealed diversion of ₹1,152 crores in consultancy fees.

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Approximately ₹9.46 crore were paid to Goyal's family and domestic help.

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