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ED waiting for lenders' complaint to act against Jet, founder Naresh Goyal

The Naresh Goyal-controlled airline owes over Rs 8,500 crore to the State Bank of India (SBI)-led consortium

Jet Airways

A separate investigation against Jet is ongoing under the Foreign Exchange Management Act

Shrimi Choudhary New Delhi
The Enforcement Directorate (ED) is waiting for an official complaint by lenders to Jet Airways against the cash-strapped airline and its former promoter Naresh Goyal, before initiating action against them under anti-money laundering laws.

“There are pieces of information regarding unexplained fund trails and siphoning off of funds, but all that requires a formal complaint for investigation under the provision of Prevention of Money Laundering Act (PMLA),” said an ED official.

Citing the restriction under PMLA, he explained that there should be a predicate offence registered by any other agency or the police. Only if the offence is investigated by another agency

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First Published: May 28 2019 | 9:54 PM IST

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