CBI Searches Jet Airways Office, Founder's Home In Alleged Bank Fraud Case

Jet Airways founder Naresh Goyal and old offices of the airline were raided by the Central Bureau of Investigation (CBI) on Friday in connection with a case of alleged bank fraud amounting to ₹ 538 crore, officials said. The CBI registered a case against Mr Goyal, his wife Anita, former director Gaurang Ananda Shetty and unknown bank officials following a complaint from Canara Bank. The complaint accused the individuals of diverting funds and causing losses to the bank. Sources indicate that the raids at seven locations were not connected to the new owners of Jet Airways, the Jalan Kalrock Consortium, which maintains an office in Gurgaon and is working to revive the airline that was grounded in April 2019 due to financial difficulties.