Public money worth Rs 5,716 crore part of Jet crime proceeds: Judge

Jet Airways founder Naresh Goyal, his wife Anita Goyal, and four companies have been charged with obtaining public money worth Rs 5,716 crore through criminal activity. The chargesheet, submitted in relation to a fraud involving a Rs 539-crore Canara Bank loan, alleges that funds were diverted through inflated sales commissions, unexplained payouts, and loans to subsidiary JetLite Ltd. Naresh Goyal is currently in judicial custody, and his wife and the companies have been summoned by the court.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.