Monday, March 02, 2020

Former Jet Airways Director Accused Of Fraud Amounting To $7 Million

Jet Airways’ former director Naresh Goyal and his wife Anita are facing charges brought by police in Mumbai regarding their assurances to a travel agency that the airline was not suffering financially. According to the travel agency, Jet Airways lied about its financial status and told the travel agency it would not suffer any losses.
Akbar Travels claims it would not have continued to sell tickets at a discounted price if it knew the extent of the airline’s problems. From January 2019, flights began to be canceled by Jet Airways but the agency was still being assured that everything fine. It also claims that money was never returned to the agency after flights were canceled.
Deputy Police Commissioner of the Mumbai City police confirmed that, following an order from the metropolitan magistrate in Mumbai on the 18th February, the Chief Financial Officer at Akbar Travels had officially lodged the complaint. The committee of creditors responsible for Jet Airways has extended the deadline for the submission of bids to buy the defunct airline until the 10th March 2020.
02/03/20 Emily Derrick/Simple Flying
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