Money laundering case: Jet Airways founder Naresh Goyal gets medical bail

The Enforcement Directorate (ED) had opposed his plea and said he could be admitted to a hospital of his choice and take treatment while in custody.

Naresh Goyal
Goyal (75) is suffering from cancer and had sought bail to undergo treatment.
Press Trust of India Mumbai
1 min read Last Updated : Nov 11 2024 | 4:52 PM IST

The Bombay High Court on Monday granted medical bail to Jet Airways founder Naresh Goyal, who is an accused in a money laundering case.

In May this year, a single bench of Justice N J Jamadar granted interim bail to Goyal on medical grounds.

Justice Jamadar on Monday made the interim order permanent.

Goyal (75) is suffering from cancer and had sought bail to undergo treatment.

The Enforcement Directorate (ED) had opposed his plea and said he could be admitted to a hospital of his choice and take treatment while in custody.

In May, the HC granted interim bail to Goyal for a period of two months which was later extended by four weeks and then again for two months.

The ED arrested Goyal in September 2023 on allegations that he had laundered money and siphoned off loans to the tune of Rs 538.62 crore given to Jet Airways by the Canara Bank.

His wife Anita Goyal was arrested in November 2023 when the ED submitted its chargesheet in the case.

A special court granted her bail the same day considering her age and medical condition. She died on May 16 this year.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Jet Airways crisisAviationJet Airways stockJet Airways Chairman Naresh Goyal

First Published: Nov 11 2024 | 4:52 PM IST

Next Story