Investigators may grill banks on closure of Jet Airways' forensic audit

SFIO is probing the Jet accounts for allegedly violating the Companies Act, while the ED is looking into the stake sale of the carrier's loyalty programme

Investigative agencies examining the books of Jet Airways are likely to seek an explanation from the State Bank of India (SBI)-led consortium after the lenders “closed” the forensic audit report on the basis of the “more-than-adequate” responses by the grounded airline. 

“Banks have shared the forensic audit report with the Enforcement Directorate (ED) and the Serious Fraud Investigation Office (SFIO). Since the lenders decided to close the forensic audit report despite some observations made by EY (forensic auditor), an explanation will be sought from them,” an official said. 

The SFIO is probing the Jet accounts for allegedly violating the Companies Act, while