Jet Airways Bank Fraud Case: The Central Bureau of Investigation has filed a case against the founder of Jet Airways after bank fraud case found out. The case has been filed against Mr. Naresh Goyal alleged for several bank fraud cases, including defrauding Canara Bank (CB) whopping 538 Crores in INR. Central Bureau of Investigation has registered the case after a complaint raised from the Canara Bank. Further on, CBI conducted serious inquiry at the office and home of the Jet Airways owner Naresh Goyal.
As per reports, the registered case accuses Naresh Goyal and his associates for fraudulent transaction and and drow off funds from the Canara Bank of India. As per the investigation reports, it was revealed that Jet Airways company was taken multiple loans from the Canara Bank (CB) between time period of 2004 to 2012. It was further found that, Goyal and his office associates were responsible for round tripping of funds, creating false transaction and contracts and invested the funds for their personal purposes. The Canara Bank accused Mr. Goyal for Bank defrauding and resulting in bank losses.
The CBI started investigating the company after noticing irregularities at Jet Airways during the year 2019. During the year 2019, The airlines company suspended some of his major operations and later announced bankrupt. Further on, the CBI led investigation will Airlines will expose many more wrongdoings and mismanagement the resulted in the downfall of Jet Airways.
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