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The ED initiated proceedings against Goyal based on an FIR filed by the CBI, which was prompted by a complaint lodged by Canara Bank. The bank's complaint was filed following an external audit conducted for the period spanning 2011 to 2019.
The Bombay High Court on Monday granted medical bail to Jet Airways Founder Naresh Goyal in the money laundering case filed against him.
A single-judge bench of the high court, comprising Justice NJ Jamadar, made the interim bail granted to Goyal in May absolute.
Goyal stands accused of money laundering involving a loan of Rs. 7000 crores obtained from Canara Bank. Naresh Goyal is accused of diverting funds borrowed from Canara Bank to his family members in the form of salaries.
The ED initiated proceedings against Goyal based on an FIR filed by the CBI, which was prompted by a complaint lodged by Canara Bank.
The bank's complaint was filed following an external audit conducted for the period spanning 2011 to 2019.
Earlier Goyal had approached the Special PMLA Court which rejected the interim bail application filed by but granted permission for him to be hospitalized in Tata Hospital for his cancer treatment.
In November 2023, the Bombay High Court rejected habeas corpus petition filed by Jet Airways Founder Naresh Goyal, challenging his arrest by the Enforcement Directorate. The Special PMLA Court had allowed Goyal to meet his wife and private doctors.
Earlier, the Special Court had constituted a medical board and sought a report on Goyal’s medical condition.
The order of the court constituting the medical board came after Goyal broke down before the court, expressing his despair and requesting the court to let him die.
Goyal then moved to the high court which earlier granted him interim bail on medical grounds and confirmed the order today.
Case title: Naresh Goyal vs ED
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