Naresh Goyal

Jet Airways' Naresh Goyal moves HC, seeks extension of interim medical bail

Jet Airways founder Naresh Goyal has moved the Bombay High Court seeking extension of the two-month interim medical bail granted to him earlier. On May 6, the high court had granted interim bail for two months on medical grounds to Goyal, arrested in a money laundering case by the Enforcement Directorate (ED). Goyal, 75, has now filed an application seeking extension of the same. The plea said his medical condition continues to remain poor and that he has also lost his wife to cancer on May 16. The application came up for hearing on Tuesday before a single bench of Justice Manish Pitale. The court referred to a circular issued by the high court in February, stating that the applications where earlier pleas were considered and decided by a particular judge shall be placed before the same bench. Justice Pitale directed the high court's registry department to place Goyal's application before the single bench of Justice N J Jamadar, who had granted him interim bail in May for two ...

Jet Airways founder Naresh Goyal's wife Anita dies after battling cancer

Naresh Goyal was granted interim bail earlier this month to be with his wife; he is under arrest in a money laundering case

Prisoner has right to medical treatment: HC on interim bail to Naresh Goyal

A prisoner also has the right to medical treatment and is entitled to dignity, the Bombay High Court observed while granting interim bail for two months on medical grounds to Jet Airways founder Naresh Goyal, arrested in a money laundering case. A single bench of Justice N J Jamadar said there was a difference between undergoing treatment as an undertrial prisoner and as a citizen with no restraint. The bench had on Monday granted interim bail for two months to Goyal on medical grounds. Goyal (75) had sought interim bail on medical and humanitarian grounds as both he and his wife, Anita Goyal, are suffering from cancer. A special court had in February denied bail to Goyal but permitted him to be admitted to a private hospital of his choice and seek medical treatment. Goyal then moved the high court seeking bail on merits and to be released on interim bail on medical grounds. Justice Jamadar, in the order, perused the medical records and said, "It would be audacious to hold that t

ED opposes bail to Jet Airways founder Naresh Goyal; HC decision on May 6

The Enforcement Directorate (ED) on Friday opposed the interim medical bail sought by Jet Airways founder Naresh Goyal in a money laundering case and said his stay at a private hospital could be extended for a month. Goyal has sought interim bail on medical and humanitarian grounds, citing that both he and his wife, Anita Goyal, suffered from cancer. On Friday, a single bench of Justice N J Jamadar said it would pass orders on May 6. A special court had in February refused bail to Goyal but permitted him to be admitted to a private hospital of his choice and seek medical treatment. Goyal had last week moved the high court seeking interim bail on merits and release on medical grounds. While Goyal's counsel, Harish Salve, urged the court to consider the case on humanitarian grounds, the ED's counsel, Hiten Venegaonkar, vehemently opposed the bail and said the probe agency did not have a problem if his hospitalisation was extended. Before closing the matter for orders, Justice Jamad

Court denies bail to Naresh Goyal, says he is getting best treatment

Medical reports did not indicate that Jet Airways founder Naresh Goyal's health would improve if he was released and he was already getting the "best possible" treatment at a hospital of his choice, a court here has said while refusing him bail. Special judge for cases under Prevention of Money Laundering Act (PMLA), M G Deshpande, on April 10 rejected the 74-year-old businessman's bail application, filed on the ground that he suffers from numerous life-threatening medical conditions. The court had, in February 2024, denied interim bail to Goyal when he sought relief on the ground that he was suffering from cancer. It, however, permitted him to undergo treatment at a hospital of his choice. Later, Goyal moved another application for bail, citing the deterioration in his health since hospitalization. He suffered from fever with chills and also had psychiatric issues, he said. The court in its detailed order, which became available on Saturday, noted that it had expressed concern .

Naresh Goyal's reports suggest malignancy, further testing needed

A medical board of the state-run J J Hospital here on Friday informed a special court that private medical reports of Jet Airways founder Naresh Goyal suggest that he is suffering from "malignancy", but it needs to carry out further tests. The Enforcement Directorate (ED), which has arrested the businessman in a money laundering case, opposed his interim bail application on health grounds and suggested he could be treated at the city-based Tata Memorial Hospital. Goyal, 74, moved the court on February 15, saying he required special treatment as tests conducted by private doctors showed that he had small tumors in his intestine. M G Deshpande, judge for the Prevention of Money Laundering Act cases, then ordered setting up of a medical board by the J J Hospital to examine the reports. During the hearing on Friday, the ED submitted that the board did not give any independent opinion, but categorically stated that it needed to carry out some tests which were not available at J J ...

Jet Airways founder Naresh Goyal seeks interim bail to treat cancer

Jet Airways founder Naresh Goyal, an accused in a money laundering case, has moved a plea before a special court here seeking interim bail for treatment of malignancy, which was revealed during tests conducted by private doctors. The court passed an initial order for setting up a medical board to examine Goyal's medical reports as ED sought time to respond to his interim bail plea. Last month, special judge for cases under the Prevention of Money Laundering Act (PMLA) M G Deshpande had allowed Goyal (74) to undergo medical tests by private doctors. In the plea moved on Thursday for interim bail, Jet Airways founder Goyal said malignancy was revealed during the tests undertaken by the private doctors. As per his medical records, Goyal has small tumours in his intestine (common location for small tumours), called 'Neuro Endocrine Tumours' (slow growing cancer). He also has a hiatus hernia of about 35 cm to 40 cm with severe reflux oesophagitis, which is a medical condition that occu

Court allows Jet founder Goyal to undergo colonoscopy at private hospital

The superintendent of Arthur Road jail shall arrange sufficient escort at the expenses of the applicant (Goyal), the court said

ED allegations false: Jet Airways founder seeks bail in bank fraud case

Jet Airways founder Naresh Goyal, an accused in an alleged fraud of Rs 538 crore at state-run Canara Bank who is in jail for nearly three months, on Friday moved an application before a special court here seeking bail in the case. The court has asked the Enforcement Directorate (ED), probing the case, to file its reply to Goyal's plea by December 20. The 74-year-old businessman, in his plea seeking relief, has cited multiple health ailments like heart condition, prostate, orthopaedic-related issues, among others and claimed there are reasonable grounds to believe he "is not guilty. The entire investigation has been carried out only with the intention to allege and project siphoning (of funds) by the applicant for his personal benefits, said the plea filed before special PMLA court Judge M G Deshpande. From reading the complaint, it is more than clear that "false allegations have been made by the ED solely with a mala fide intention of projecting a negative image of Goyal", it ...

Naresh Goyal's plea against 'illegal' arrest not maintainable, says HC

The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable. A division bench of Justices Revati Mohite Dere and Gauri Godse said the petition cannot be entertained and hence stands dismissed. The court said it was open for Goyal to avail of other statutory remedy under law. Goyal had filed a habeas corpus (produce the person) petition, in which he claimed that he was illegally arrested by the Enforcement Directorate (ED) in the case. Goyal in his plea claimed his arrest was illegal as it was done without following provisions of the Prevention of Money Laundering Act (PMLA) and also challenged orders of the special court which had remanded him in ED's custody first and thereafter to judicial custody. The bench in its order, however, noted that the 74-year-old had not raised these grounds before the special court ...

HC dismisses Jet founder Naresh Goyal's plea against 'illegal' arrest by ED

The Bombay High Court on Tuesday dismissed a petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest by the Enforcement Directorate in a money laundering case linked to bank loan default. A division bench of Justices Revati Mohite Dere and Gauri Godse said the petition cannot be entertained and hence is dismissed. The court said it was open for Goyal to avail other statutory remedy like bail plea. Goyal had filed a habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case. In his plea, Goyal claimed his arrest was illegal as it was done without following provisions of the Prevention of Money Laundering Act (PMLA). He also challenged orders of a special court which had first remanded him in the ED's custody and thereafter in judicial custody. The ED opposed the plea and said the arrest was done after following the due process of law. Goyal's custody was required as he was evasive and not cooperating

Enough material against Naresh Goyal for conspiring in bank fraud: Court

There is sufficient material at this stage to prima facie show involvement of Jet Airways founder Naresh Goyal and his wife Anita in a money laundering case linked to an alleged fraud of Rs 538 crore at Canara Bank, a special court here noted while taking cognizance of the Enforcement Directorate's chargesheet against the couple in the case. Besides the Goyals, the central probe agency has named four companies --Jet Airways (India) Ltd (JIL), Jetair Pvt Ltd, Jet Enterprises Pvt Ltd and Jet Airways LLC, Dubai -- as accused in the case. M G Deshpande, the special judge hearing cases filed under the Prevention of Money Laundering Act (PMLA), took cognizance of the chargesheet on November 1, while a detailed order was made available on Friday. The court also asked the Goyals to remain present before it on November 9. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central .

Goyal's resistance in diluting his stakes led to Jet Airways' fall, says ED

Jet Airways founder Naresh Goyal's "resistance" in diluting his stakes and "incessant siphoning off of funds for personal pecuniary gains" led to the downfall of the airline, the Enforcement Directorate said in its chargesheet filed before a court here in the alleged fraud of Rs 538 crore at the Canara Bank. The ED claimed that the airline could have survived had Goyal kept aside his "ulterior motive" and allowed professionals to make quick and strategic decisions to change the operating cash flow of the company. It alleged that Goyal blatantly siphoned off funds from the loss-making Jet Airways (India) Limited (JIL), drained it out of funds and kept on infusing money into the related entities owned by his family members, both in India and abroad. The probe agency on Tuesday filed its chargesheet against Naresh Goyal, his wife Anita Goyal and four companies - JIL, Jetair Private Limited, Jet Enterprises Private Limited and Jet Airways LLC, Dubai - in connection with the case. Speci

Jet Airways founder Goyal sent to 14-day custody in bank fraud case

A court here on Thursday remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a money laundering case linked to an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal 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 court at the end of his ED remand on Thursday. Goyal was sent to judicial custody by the court as no further remand was sought by the probe agency. The money laundering case stems from an 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 an alleged Rs 538-crore fraud case at the Canara Bank. The FIR was registered on the bank's complaint which alleged that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune

Jet Airways founder Naresh Goyal's ED custody extended till Sep 14

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. The money laundering case stems from an FIR of the Central Bureau of Investigation (CBI) ...

The Rise and Grounding of Jet Airways' Naresh Goyal

Flying solo into trouble: The rise and fall of Jet Airways' Naresh Goyal

Goyal, who faces accusations of misappropriating Jet Airways' funds, is currently embroiled in a legal struggle with investigative agencies

Goyal used funds of Jet Airways for personal enrichment: ED tells court

The money borrowed by Jet Airways was misused by its founder Naresh Goyal for personal gains and enrichment, the Enforcement Directorate (ED) on Saturday told a court here while seeking his custody in a case of an alleged Rs 538 crore loan fraud, registered on a complaint filed by Canara Bank. The special Prevention of Money Laundering Act (PMLA) court sent 74-year-old Goyal in the ED's custody till September 11. Seeking his remand, the ED claimed that the loans taken by now-defunct Jet Airways (India) Limited (JIL) from Canara Bank were used for purchasing things such as furniture, apparel and jewellery besides other illegitimate purposes. JIL's funds were also used to pay the salaries of his residential staff and meet operational expenses of a production company owned his daughter, the ED said. Goyal was arrested by the Central agency on Friday night under the PMLA following a long session of questioning at its office here. He was produced before the court around 12.30 pm on ...

Jet Airways founder Naresh Goyal to remain in custody till Sept 11

The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank

ED arrests Jet Airways founder Naresh Goyal in Rs 538 cr bank fraud case

The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said. He was taken into custody under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office here. Goyal, 74, is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek for his custodial remand. The money laundering case stems from an FIR of the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita and some former company executives in connection with an alleged Rs 538-crore fraud case at the Canara Bank. The FIR was registered on the bank's complaint which alleged that it sanctioned credit limits and loans to Jet Airways (India) Ltd (JIL) to the tune of Rs 848.86 crore of which Rs 538.62 crore is outstanding. The CBI had said the account was declared "frau