Saturday, August 10, 2019

Probe agencies question close aide of Jet Airways founder Naresh Goyal

Mumbai: Central teams probing alleged irregularities at the grounded Jet Airways questioned a chartered accountant — a former auditor and financial adviser to the carrier’s founder — about the 2007 buyout of Air Sahara and some other alleged deals that sought to evade taxes.
The Serious Fraud Investigation Office (SFIO) earlier this week questioned Rajesh Chaturvedi, a close aide of Jet founder Naresh Goyal, sources aware of the probes told ET. Chaturvedi has been an auditor to Jet since 2003, and a long-time advisor to Goyal.
Chaturvedi faced SFIO questions over Jet’s books and various business deals, especially the 2007 buyout of Air Sahara, sources said. The investigation wing of the Income Tax department, which has allegedly found irregularities in transactions between Jet Airways & its Dubai-based group companies, also questioned Chaturvedi, sources said.
Taxmen believe the structuring of these deals was aimed at evading taxes worth Rs 650 crore. “Chaturvedi is a close confidant of Goyal, and he counsels leading corporates on structuring deals such that the tax liabilities are minimized,” said one of the officials cited above.
10/08/19 Rashmi Rajput/Economic Times

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