BackJKC paid ₹100 crore on court orders for revival of Jet Airways
The consortium has however claimed that it will have to shell out additional amount than what was approved if Punjab National Bank’s additional liability ₹202 crore is accepted.
PremiumJalan Kalrock Consortium (JKC)- the winning bidder for the revival of the grounded carrier, had deposited ₹100 crore in Jet Airways, taking the total investment in the airline to ₹250 crore.
Earlier this month, Jet Airways founder Naresh Goyal was sent to 14-day judicial custody in a ₹538 bank fraud case, news agency PTI reported. 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 in Mumbai.
The 74-year-old businessman was produced before the court at the end of his ED remand. Goyal was sent to judicial custody by the court as no further remand was sought by the probe agency.
Goyal has been alleged for siphoning off funds from India to overseas by creating various trusts and using them to buy properties. 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 ₹538-crore fraud case at Canara Bank.
The FIR was registered on the government lender's complaint which alleged it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of ₹848.86 crore of which ₹538.62 crore was outstanding. cash strapped airline Jet Airwyas has not flown since April, 2019.
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