Crime
Jet Airways Defrauding Case: Naresh Goyal Questioned By ED
Naresh Goyal, the founder of Jet Airways, is being questioned several hours by the Enforcement Directorate (ED) in Mumbai for allegedly defrauding Canara Bank of ₹538 crore. The ED officials are inquiring about alleged account irregularities, the diversion of a portion of the loan amount to related companies as commission, and money laundering. They are also asking about seized documents related to funds transactions.
The Enforcement Directorate conducted searches in July 2023 at eight locations in Mumbai and Delhi as part of a money laundering case worth ₹538 crore. This case involves Naresh Goyal and others. The Central Bureau of Investigation (CBI) is already investigating a case against Goyal. The ED’s money laundering case is based on an FIR filed by the CBI, which accuses Goyal and others of defrauding Canara Bank of ₹538 crore.
CBI filed charges against Naresh Goyal
FIR filed by the Central Bureau of Investigation (CBI) against Goyal on complaint of Canara Bank chief general manager, recovery and legal section, alleging criminal conspiracy, criminal breach of trust and criminal misconduct causing the bank a wrongful loss of ₹538.62 crore.
According to Canara Bank, they had sanctioned a credit limit facility to Jet Airways, but the airline defrauded the bank of ₹538.62 crore. The bank alleges that it had provided credit limits and loans amounting to ₹848.86 crore to Jet Airways, with ₹538.62 crore outstanding. The airline diverted a portion of the loan to related companies as commissions.
A forensic audit of the company revealed fraudulent transactions involving fund diversion from the loan amount. Expenses listed as paid commissions to related companies actually included costs related to the Goyal family and other individuals involved in the scam. The airline had reported spending ₹11,152.62 crore on professional and consultancy expenses, with ₹197.57 crore of those transactions deemed suspicious during the investigation into the company’s financial records from April 1, 2011, to June 30, 2019. These entities had turnovers similar to the expense amounts recorded by Jet Airways under the guise of professional and consultancy expenses.
Jet Airways dealing with Canara Bank since 2005
According to the complaint, Jet Airways (India) Ltd (JIL)promoted by Tail Winds Ltd, an overseas company owned by Goyal and his associates, had been dealing with Canara Bank since 2005 and since August 2018 claiming liquidity and operational issues, the accounts turned NPA in 2019.
A forensic audit conducted by EY revealed that JIL had paid ₹1,410.41 crore to related parties of total commission expenses. The expenses of general selling agents (GSA) were paid by JIL amounting to ₹403.27 crore, which was not in tune with the GSA agreement.
The complaint also alleges that funds were allegedly siphoned off through Jet Lite (India) Ltd (JLL), a subsidiary, by way of making advance and investing and subsequently writing off of the same by making provision.
Funds to the tune of ₹2,547.83 crore were allegedly transferred by JIL to JLL as loan but were never paid back. Over ₹400 crore were allegedly siphoned off through payments made to professional and consultancy expenses.
Crime
Lawrence Bishnoi’s associate held in Punjab; pistol seized
Chandigarh, Jan 25: An associate of Lawrence Bishnoi and Goldy Brar gang has been arrested in connection with the firing incident in Dera Bassi in Punjab, police said on Saturday.
The accused has been identified as Mehfuj, alias Vishal Khan, a resident of Dera Bassi.
Police teams have also recovered one .32 calibre pistol along with five cartridges from his possession.
In a post on social media platform X, Director General of Police (DGP) Gaurav Yadav said: “In a major breakthrough, Punjab Police’s Anti-Gangster Task Force (AGTF) in a joint operation with Mohali Police has apprehended an associate of Lawrence Bishnoi and Goldy Brar gang.”
DGP Yadav said the accused, along with another member of Lawrence Bishnoi and Goldy Brar gang identified as Manjeet, currently lodged in Tihar Jail, were the masterminds behind the firing incident in Dera Bassi.
As per the information, on September 19, 2024, two motorcycle-borne youths in broad daylight opened fire outside the immigration centre in Dera Bassi to demand extortion from the owner.
Sharing operational details, Additional Director General of Police with the AGTF Promod Ban said information based on human intelligence was received about possible hideouts and locations of accused Vishal Khan.
Acting swiftly, special teams of AGTF under the supervision of AIG Gurmeet Chauhan in coordination with Senior Superintendent of Police (Mohali) Deepak Pareek were formed, said the ADGP, adding the teams zeroed in on the possible hideouts and locations and arrested him from Punjab-Haryana border near Barwala and also recovered a pistol from his possession.
Assistant Inspector General Gurmeet Chauhan said the accused has a criminal history and ever since 2023, he has been working on the directions of foreign-based terrorist Goldy Brar.
The arrested accused has also collected a weapons consignment from the notorious gangster Joginder, alias Joga, of Haryana, who had provided weapons and logistical assistance to the accused involved in the Sidhu Moosewala murder case and later, was also arrested, he added.
Bollywood
‘Saif Ali Khan Hospital Se Haste Khelte Bahar Aa Raha Hai’: AIMIM’s Waris Pathan Demands Mumbai Police To Dispel Doubts Of People
Mumbai: Political leader Waris Pathan has expressed doubts over the attack on Bollywood actor Saif Ali Khan. He recently shared a video statement, urging the Mumbai Police officials as well as the actor’s family to address the public’s concerns. Ever since Saif got discharged from Lilavati Hospital, netizens raised doubts about his swift recovery, calling it ‘too good to be true.’
It has been nine days since the attack, however, several questions of public, concerning security measures and the attacker, remain unanswered.
Amid this, Waris Pathan shared a video statement, demanding clarity on the horrifying incident and urging transparency in the investigation from Mumbai Police.
‘Saif Ali Khan Hospital Se Haste Khelte Bahar Aa Raha Hai’
“We condemn attack on Saif Ali Khan. In a city like Mumbai, in a place like Bandra, a man climbs 12 floors and enters his house. He attacks him with a knife. He goes to the hospital. Saif Ali Khan gets his treatment done there. The doctor says that he took out a 2.5-inch knife. And the police posted a photo a few days ago that a man was coming down the stairs. This could be the attacker. And then the police arrested someone… Later, people started asking questions on social media. First of all, how did someone climb 12 floors? And the photos that people were showing, they said that these are completely different photos,” he is heard saying in the video.
“Secondly, Saif went to the hospital…he was treated in Lilavati. And if such a major operation was done by a doctor, and he took out a 2.5-inch knife. Post such a major surgery, he comes out walking joyfully from the hospital after 3-4 days (haste khelte bahar aa raha hai)..good we want him recover soon. But a lot of things are coming to people’s minds. They are asking me if there’s something being hidden. Why isn’t the police telling us what it is? We would like the police to come forward and say what the reality is. What happened that night? Police should clarify that. The family should clarify what happened. Why did this happen? Why did Saif go to the hospital in an auto? We will pray for his health. He should get well soon. But there are a lot of things that people want to know,” he added.
On a concluding note, he mentioned in the video, “People have the right to know. He is a film star. He was attacked in a city like Mumbai. So we would like the police and the administration to come forward and tell the people the whole truth so that all the doubts that are arising in people’s minds can be stopped.”
The investigation
The Bandra police produced the accused, Shariful Islam, 30, in the metropolitan magistrate court on Friday (January 24). Meanwhile, the court extended his custody till January 29.
Investigating Officer (IO) Ajay Lingurkar told the court that they recovered the weapon but still need to investigate where and from whom the accused bought it. The officer added that Shariful’s facial recognition process needs to be conducted, and the shoes worn by him on the day of the incident need to be recovered and matched with his size. Additionally, they need to investigate his other associates. The officer further stated that the accused has been evading questions and not cooperating with the investigation.
Saif was attacked in the wee hours of January 16 at his Bandra apartment.
Crime
Gujarat: Illegal foreign liquor valued at Rs 25.83 lakh seized, one arrested
Vadodara, Jan 25: Illegal foreign liquor, valued at Rs 25.83 lakh, has been seized from a tempo in Chanod of Gujarat’s Vadodara district.
Acting on specific intelligence regarding the transportation of illegal foreign liquor from Tilakwada to Vadodara, Gujarat State Monitoring Cell’s Police Inspector HV Tadvi conducted a raid in Chanod with his teams.
They spotted a suspicious tempo near a godown in Chanod and searched it.
Upon inspection, the teams discovered the liquor concealed in the tempo.
The driver of the tempo, identified as Ajitkumar Hriday Narayan Singh, a resident of Ankleshwar, Bharuch, was arrested.
Singh was transporting the illegal cargo from Tilakwada to Vadodara.
In addition to the liquor, the authorities also seized cash, mobile phones, and vehicles, bringing the total value of the seized goods to Rs 39.31 lakh.
The SMC has declared Suresh Patel, the individual who sent the liquor, the tempo owner, and the person who ordered the liquor, as wanted.
This raid comes amidst multiple actions by the State Monitoring Cell over the past month, targeting illegal liquor trade in both Vadodara city and district.
Despite these frequent raids, local police have come under scrutiny, with some alleging that they have failed to take sufficient action against bootleggers.
In 2024, Gujarat authorities seized foreign liquor worth over Rs 100 crore during various raids across the state. This included seizures in major cities like Ahmedabad, Surat, Vadodara, and rural areas like Panchmahals and Bharuch.
Foreign liquor, including high-end brands, has been smuggled into the state through neighbouring Maharashtra and Rajasthan.
Raids targeting these illegal shipments have been a regular feature of Gujarat’s law enforcement activities.
In 2023, more than 200 individuals were arrested for illegal liquor trade in Gujarat. These included bootleggers, suppliers, and distributors involved in the smuggling and distribution of alcohol in areas where it is prohibited.
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