Jet Airways founder Naresh Goyal has been arrested by the Enforcement Directorate (ED) in an alleged 538 crore rupee money laundering case linked to Canara Bank. He was taken into custody under the Prevention of Money Laundering Act (PMLA) after a long session of questioning at ED office in Mumbai. Naresh Goyal will be produced before a special PMLA court in Mumbai today.

Earlier, the ED conducted raids on Goyal, his wife Anita, and his associates in July 2020 after CBI registered an FIR against them based on the Canara bank's complain. According to the FIR, the bank alleged that it sanctioned credit limits and loans to Jet Airways to the tune of 848.86 crore rupees – out of which 538.62 crore rupees is outstanding.