 "Naresh Goyal")
The government has ordered an investigation into grounded Jet Airways and its group companies for alleged diversion of funds, indulging in malpractices and other financial irregularities found during an inspection. The Ministry of Corporate Affairs has directed the Serious Fraud Investigation Office (SFIO) to probe the stressed company’s affairs and summon its founder Naresh Goyal next week, a senior official confirmed.
Jet, with more than Rs 8,000 crore of debt, flew for the last time on April 17 after it ran out of cash. Having failed to revive the airline, the lenders’ consortium, led by the State Bank of India (SBI),
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