Enforcement Directorate Searches Jet Airways Founder Naresh Goyal's Premises in Delhi, Mumbai
File image of Enforcement Directorate | (Photo Credits: ANI)

New Delhi, August 23: The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law, officials said.

They said the searches are being carried out under the provisions of the Foreign Exchange Management Act (FEMA) and are aimed at gathering additional evidence. Premises in Mumbai and Delhi are being searched, they said. Air India Won't Get Fuel at Six Airports, Oil Companies Suspend Supply Over Non-Payment of Dues.

A full-service carrier, Jet Airways shuttered operations on April 17 after running out of cash. A Ministry of Corporate Affairs (MCA) inspection report had found large-scale irregularities, including diversion of funds, at the airline, sources had said in July. In March, Goyal stepped down as chairman of the airline. Currently, Jet Airways is undergoing resolution process under the Insolvency and Bankruptcy Code.