Mumbai: The Enforcement Directorate has contested the clean chit given by the Mumbai Police to Jet Airways and its promoter Naresh Goyal in a cheating case, claiming that its probe revealed that Goyal misappropriated funds and diverted them to personal accounts held by him and his wife.
The ED filed an intervention application before a local court, saying the city police failed to probe the details of offshore accounts provided by the complainant, Akbar Travels of India. It said there is evidence of money laundering and it was not just a case of business loss, as the police concluded.
The federal agency also asserted that the local police failed to even record the statement of Goyal.
“Huge amount of money has been paid by Jet Airways to some of its group companies abroad by way of commission/reimbursement of expenses which are highly inflated,” the ED said in its application reviewed by ET. “That said money is further diverted to personal accounts of Goyal and his wife Anita.”
The ED claimed the police ignored issues raised in the complaint that Jet Airways and Goyal diverted funds illegally to bank accounts abroad.
“It appears that Jet Airways suffered losses at the cost of enriching Goyal and his family members,” it added.
The agency told the court it was able to unearth foreign bank accounts held by the Goyals in the UAE, the UK, Switzerland, Singapore, the US and other countries. It said they hold eight offshore properties.
“Goyal is not disclosing the details of these foreign accounts. He has not cooperated with the investigation and is deliberately not obtaining bank statements of these accounts,” the ED claimed. “Details of the property are not fully disclosed. Goyal has not explained the source of funds for buying various properties.”
The ED said Goyal has not explained the source of certain amounts credited to his overseas accounts in Geneva and the UAE.
27/06/20 Rashmi Rajput/Economic Times
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The ED filed an intervention application before a local court, saying the city police failed to probe the details of offshore accounts provided by the complainant, Akbar Travels of India. It said there is evidence of money laundering and it was not just a case of business loss, as the police concluded.
The federal agency also asserted that the local police failed to even record the statement of Goyal.
“Huge amount of money has been paid by Jet Airways to some of its group companies abroad by way of commission/reimbursement of expenses which are highly inflated,” the ED said in its application reviewed by ET. “That said money is further diverted to personal accounts of Goyal and his wife Anita.”
The ED claimed the police ignored issues raised in the complaint that Jet Airways and Goyal diverted funds illegally to bank accounts abroad.
“It appears that Jet Airways suffered losses at the cost of enriching Goyal and his family members,” it added.
The agency told the court it was able to unearth foreign bank accounts held by the Goyals in the UAE, the UK, Switzerland, Singapore, the US and other countries. It said they hold eight offshore properties.
“Goyal is not disclosing the details of these foreign accounts. He has not cooperated with the investigation and is deliberately not obtaining bank statements of these accounts,” the ED claimed. “Details of the property are not fully disclosed. Goyal has not explained the source of funds for buying various properties.”
The ED said Goyal has not explained the source of certain amounts credited to his overseas accounts in Geneva and the UAE.
27/06/20 Rashmi Rajput/Economic Times
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