A view of Jupiter building, residence of Jet founder Naresh Goyal, during searches by the ED, in Mumbai on Friday Photo: PTI
The action is part of the probe against Jet under the Foreign Exchange Management Act (Fema).
Jet and its promoter Goyal have been under the enforcement agency lens for alleged violation of foreign exchange regulations during the signing of a $150-million deal with strategic partner Etihad Airways in 2014 for a loyalty programme business.
In 2014, Etihad had picked up a 50.1 per cent stake in Jet’s frequent flyer programme, Jet Privilege, with the balance going to Jet.
Meanwhile, Goyal’s plea seeking withdrawal of his challenge to a Look-out Circular (LOC) has been allowed by the Delhi High Court.
The government counsel on Friday told the Delhi HC that Goyal was not cooperating in the ongoing Serious Fraud Investigation Office (SFIO) investigation in the case of alleged fraud of Rs 18,000 crore. This submission by the central government’s lawyer came on Goyal’s plea seeking to withdraw his challenge to the LOC issued against him.
In the fresh plea moved before the high court, Goyal has said that since the probe by SFIO in the alleged fraud had begun, he had extended all possible cooperation to the agency, and thus was not pressing for permission to travel abroad. Goyal also said he should be given liberty to avail of the appropriate remedies in future.
A single-judge Bench of Justice Navin Chawla, without expressing any comments on the merits of the case, allowed Goyal to withdraw his plea.
Goyal had in July challenged the LOC.
The Registrar of Companies, under the Ministry of Corporate Affairs (MCA), has flagged certain discrepancies in the books and instances of violation of the Companies
Act. Based on the findings, Serious Fraud Investigation Office (SFIO) had initiated a probe in the matter and questioned Goyal several times.