New Delhi [India], July 19 (ANI): The Directorate of Enforcement (ED) on Wednesday conducted raids on the former promoter of Jet Airways Naresh Goyal and his associates in a money laundering case, official sources said. 

ED conducted raids and covered multiple cities including Delhi and Mumbai. 

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Earlier the Central Bureau of Investigation (CBI) registered an FIR against the Chairman of Jet Airways, his wife and others on Friday in an alleged bank fraud of Rs 538 crore.

Jet Airways (India) Limited, Naresh Goyal, his wife Anita Naresh Goyal, Gaurang Ananda Shetty and unknown Public Servant(s) and Private Person(s) were named as accused in the FIR.

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FIR into the matter reads, "CGM of Canara Bank, Recovery & Legal Section in Mumbai, has submitted regarding alleged offences of cheating, criminal conspiracy, criminal breach of trust and criminal misconduct committed by M/s Jet Airways (India) Ltd., Naresh Jagdishrai Goyal, Anita Naresh Goyal, Gaurang Ananda Shetty and unknown public servants and others causing wrongful loss of Rs 538.62 crores to Canara Bank."

"Forensic Audit conducted in the accounts of Jet Airways (India) Ltd revealed fraudulent features like diversion and siphoning of funds," it further read. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)