Skip to content
Search

Latest Stories

Jet Airways founder Naresh Goyal sent to judicial custody

Easterneye.Biz Staff
By Easterneye.Biz StaffSep 18, 2023
Easterneye.Biz Staff
See Full Bio

AN INDIAN court has remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a money laundering case.

The Enforcement Directorate (ED) arrested Goyal on September 1 under under money laundering laws following a long session of questioning.

The 74-year-old businessman was produced before a Mumbai court at the end of his ED remand on Thursday (14).

The money laundering case stems from a first information report (FIR) of the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita and some former company executives of the now grounded private airline in connection with the fraud.

The FIR was registered on the state-owned Canara Bank's complaint which alleged that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of Rs 8.48 billion (£82m) of which Rs 5.38 bn (£52m) was outstanding.

(PTI)

british newspaperbritish asiancurrent affairsrecent newsnews websiteuk newspaper

Related News

Sanjay Bhandari's extradition appeal opens in London
Business

Sanjay Bhandari's extradition appeal opens in London

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Business

Murdoch's bid to secure eldest son's control of media empire fails

Kamlesh Pattni faces UK sanctions for illicit gold trade
Business

Kamlesh Pattni faces UK sanctions for illicit gold trade

Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Business

India appoints Sanjay Malhotra as new central bank governor

EasternEye

More For You

Mergers and aquisitions
Aegon exits UK after 200 years as £2bn deal hands business to Standard Life
iStock

Aegon exits UK after 200 years as £2bn deal hands business to Standard Life

  • Aegon sells its UK arm to Standard Life in a £2bn deal.
  • The move is part of a broader shift towards the US market.
  • The combined group will serve 16 million customers with £480bn in assets.

After nearly two centuries of presence, Aegon is stepping away from the UK market. The company has agreed to sell its UK business to Standard Life in a deal valued at about £2bn, marking a significant shift in its global strategy.

The transaction brings together two large pensions and savings businesses, creating a combined group with around 16 million customers and £480bn ($651bn) in assets under administration. For Aegon, the move is less about the UK itself and more about where it wants to be next.

Keep ReadingShow less