Sunday, September 17, 2023

Loan fraud: Jet Airways founder Naresh Goyal moves Bombay HC against ‘illegal arrest’ in ED case

Jet Airways founder Naresh Goyal has approached the Bombay High Court challenging his arrest by the Enforcement Directorate in connection with alleged laundering of a Rs 538.62-crore loan given by Canara Bank for the airline.

Goyal claimed in his plea on Friday that his arrest was illegal and sought to set aside orders of a special court that had remanded him initially in ED custody and thereafter in judicial custody.

Goyal’s plea was mentioned before a division bench of Justice Revati Mohite-Dere and Justice Gauri V Godse, which will hear it on September 20. Goyal claimed that the arrest violated his fundamental right to personal liberty, guaranteed under Article 21 of the Constitution.

On Thursday the special court sent Goyal (74) to Arthur Road Jail for two weeks in judicial custody, after the ED did not seek his further custody. He was arrested on September 1 by the ED and he had since been in the custody of the agency for interrogation.

The ED had arrested Goyal claiming that he had siphoned off the bank loan and diverted company funds by appointing his family members in the company and paying salaries of a company floated by his daughter. Goyal denies these claims, stating that the money was utilised towards the company.

17/09/2023 Indian Express

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