Mumbai, Aug. 24 -- The Enforcement Directorate (ED) on Friday conducted searches at about a dozen premises of Jet Airways founder Naresh Goyal and his associates in New Delhi and Mumbai in connection with alleged violations of foreign direct investment (FDI) norms, officials said.
ED'S searches followed Goyal's questioning on Thursday by the Serious Fraud Investigation Office in Mumbai in connection with allegations of financial irregularities, they said.
Goyal had stepped down as chairman of Jet Airways in March. The full-service carrier was forced to stop operations on April 17 due to acute liquidity crunch. Currently, the airline is undergoing the resolution process under the Insolvency and Bankruptcy Code (IBC).
ED is searching Goyal...