Today, On 6th May, Jet Airways founder Naresh Goyal’s bail extended in connection with a money laundering case. The case involves allegations of financial irregularities during his tenure at the now-defunct airline. Goyal, a prominent figure in the aviation industry, has denied any wrongdoing and continues to face legal proceedings. His extended bail allows for further investigation into the matter.
Mumbai: The Bombay High Court, On Monday, provided Naresh Goyal, the founder of Jet Airways, with a two-month interim bail amidst an ongoing investigation into money laundering allegations. Goyal, who currently undergoing medical treatment at Reliance Hospital, required to submit a surety of Rs 1 lakh. He sought interim bail on grounds of medical and humanitarian concerns, highlighting his and his wife Anita Goyal‘s battles with cancer.
The Enforcement Directorate (ED) opposed the granting of bail to Naresh Goyal and instead suggested that his stay at a private hospital be extended by a month. In February, a special court denied Goyal’s bail request but allowed him to be admitted to a private hospital of his choice for medical treatment.
In September 2023, the ED arrested Goyal, accusing him of laundering funds and diverting loans totaling Rs 538.62 crore that, sanctioned to Jet Airways by Canara Bank. In November 2023, Goyal’s wife, Anita, was also taken into custody by the ED following the filing of a charge sheet.
However, she promptly granted bail by the special court due to her age and health condition. The ED’s investigation into the case highlights the allegations of financial misconduct within the now-defunct airline, Jet Airways, involving both Goyal and his wife.
In contrast to Naresh Goyal‘s situation, his wife, Anita Goyal, also implicated in the case, granted bail shortly after her arrest in November 2023. Her bail approved swiftly by the special court, citing her age and health conditions as mitigating factors.
Read Also: Jet Airways Founder Naresh Goyal’s Bail Plea to Be Heard by Bombay HC on Friday
The interim bail granted to Naresh Goyal marks a crucial juncture in the case, offering him a temporary reprieve from custody and allowing him more flexibility to manage his legal defence. This interim bail expected to be a critical period for both the prosecution and the defence. The ED likely to further solidify its case against him, while Goyal’s legal team will undoubtedly look to challenge the allegations and argue for more permanent relief from the charges.
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