Naresh Goyal Seeks Discharge In ED Money Laundering Case, Cites Delay In CBI Chargesheet

Mumbai: Despite the Central Bureau of Investigation (CBI) registering a money laundering case against Jet Airways founder Naresh Goyal in 2023, the agency has yet to file a chargesheet against him. Goyal has now sought discharge in the case, citing the delay in the CBI's chargesheet as the reason. The Central Bureau of Investigation (CBI) registered the case based on a complaint from Canara Bank, which allegedly sourced Rs 538.62 crore from Goyal.

Goyal was arrested by the Enforcement Directorate (ED) on September 1, 2023, for allegedly laundering public funds obtained from Canara Bank. He was released on bail by the High Court on May 6, 2024. Goyal's discharge plea, expected to be heard next week, argues that the prosecution has not traced any proceeds of crime attributable to him.

Goyal claims he acted in good faith, within his fiduciary duties without any dishonest or fraudulent intent, and his income is from lawful sources. He further stated, "The CBI is yet conducting the investigation with regards to the FIR for the last three years and has not come to any conclusion that the applicant has committed any crime."

Goyal also clarified that he was a non-executive chairman, whose role was limited to providing strategic guidance and mentorship, and he has no personal financial gain from the transactions. The ED opposes the discharge plea, asserting that Goyal is the main decision-maker at Jet Airways (India) Ltd., and utilized a complex network of entities to drain the company's funds.