ED Provisionally Attaches Rs 538.05 Crore Worth of Properties in Jet Airways Money Laundering Probe

In a significant development, the Enforcement Directorate (ED) has taken a major step in the money laundering investigation against M/s Jet Airways (India) Limited (JIL) by provisionally attaching properties worth Rs 538.05 Crore under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

The attached properties comprise a vast portfolio, including 17 residential flats and bungalows, along with commercial premises held under the names of various companies and individuals. These entities encompass M/s Jetair Private Limited, M/s Jet Enterprises Private Limited, the founder and Chairman of M/s Jet Airways (India) Limited (JIL), Naresh Goyal, as well as his wife, Anita Goyal, and their son, Nivaan Goyal. These properties are spread across multiple locations, ranging from London and Dubai to various states within India.

This development comes as a significant milestone in the ongoing investigation into allegations of money laundering involving Jet Airways, one of India’s leading aviation companies. The ED’s provisional attachment of these assets is a crucial step forward in the pursuit of justice and the recovery of illicit funds linked to the airline. The authorities will continue their rigorous efforts to bring the culprits to justice and ensure that ill-gotten gains are rightfully returned to their legitimate sources.