14 September, 2023 | Muskan Menghani
This latest development in the legal saga surrounding Naresh Goyal has garnered significant attention, as the aviation magnate now faces a period in judicial custody.
Following the conclusion of his custody under the Enforcement Directorate (ED), Naresh Goyal, the founder of Jet Airways, found himself entangled in further legal proceedings. He was presented before a Special Prevention of Money Laundering Act (PMLA) Court today, where a decision was reached to remand him to judicial custody for a period of 14 days.
In court, Goyal’s legal team raised concerns about his wife’s health condition. His wife is currently battling cancer, and Goyal sought permission to communicate with her via telephone. The court took this request into consideration but ultimately decided to send him to Arthur Road Jail. However, on humanitarian grounds, the court did grant certain concessions during his incarceration.
While in custody, Goyal will be allowed to receive home-cooked food, essential medicines, clothing, and, based on medical requirements, the use of pillows and mattresses.
Naresh Goyal’s legal troubles began when he was arrested on September 1, 2023, in connection with a Canara Bank fraud case involving an alleged sum of Rs 538 crores. This arrest followed an FIR filed by the Central Bureau of Investigation (CBI) in May, implicating not only Goyal but also his wife Anita Naresh Goyal, Gaurang Ananda Shetty, and unnamed public servants and private individuals.
The FIR outlined a series of alleged offenses, including cheating, criminal conspiracy, criminal breach of trust, and criminal misconduct, resulting in wrongful losses amounting to Rs 538.62 crores for Canara Bank. A forensic audit of Jet Airways (India) Ltd.’s accounts revealed irregularities, including the diversion and siphoning of funds.
This latest development in the legal saga surrounding Naresh Goyal has garnered significant attention, as the aviation magnate now faces a period in judicial custody. His legal team continues to grapple with the charges brought against him as the case unfolds.
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