CBI searches Jet Airways office, founder Naresh Goyal's residence

The CBI on Friday conducted searches at seven locations, including the premises of Jet Airways and its founder Naresh Goyal, in Mumbai in connection with an alleged Rs 538-crore fraud case in Canara Bank, officials said.

The CBI searches were spread across residences and offices of Goyal, his wife Anita, and former airline director Gaurang Ananda Shetty.

New case

The agency has registered a new case of alleged bank fraud of Rs 538 crore on a complaint from Canara Bank, they said.

Also read: ED’s ECIR against Jet Airways founder Naresh Goyal, wife quashed by Bombay HC

The allegations pertain to alleged diversion of funds among other irregularities, they said.

The company was in the process of revival after Jalan Kalrock Consortium won the bid for Jet Airways under the insolvency resolution process at National Company Law Tribunal (NCLT).

(With Agency inputs)