Jet Airways founder Naresh Goyal’s ED custody extended till Sept 14

MUMBAI: A special court here on Monday extended till September 14 the ED remand of Jet Airways founder Naresh Goyal, who has been arrested in a money laundering case linked to an alleged fraud of Rs 538 crore at Canara Bank.

Goyal was arrested by the Enforcement Directorate (ED) on September 1 under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency’s office here.

The 74-year-old businessman was produced before the special PMLA court at the end of his initial remand on Monday.

The central probe agency sought his custody for another four day for further investigation in the case.

The ED told the court that maximum money siphoned off has been stacked in foreign accounts and there is a person in the United Arab Emirates (UAE) to look after it.

Special judge for cases under PMLA, MG Deshpande, then extended Goyal’s custody till September 14.