Jet Airways’ Naresh Goyal denied bail, know his story from Manzil – India TV Hindi

King of Jet Airways...- India TV Paisa

Photo: Reuters Naresh Goyal of Jet Airways

wealth An Anti-Money Laundering Act (PMLA) court has rejected Jet Airways founder Naresh Goyal’s bail plea. The court said that the health reports did not show that Goyal’s health would improve by being granted bail and that he was already receiving the best possible treatment at a hospital of his choice. Special Judge MG Deshpande for cases under the Prevention of Money Laundering Act on April 10 rejected the 74-year-old businessman’s bail plea.

ED arrested in September 2023.

The petition was filed on the ground that Goyal was suffering from several life-threatening diseases. Earlier, the court had rejected Goyal’s interim bail in February 2024, when Goyal had sought bail on the grounds that he was suffering from cancer. However, the court allowed him to get treatment in a hospital of his choice. Goyal had filed another plea for bail citing his deteriorating health since he was admitted to the hospital. Goyal was arrested by the Enforcement Directorate (ED) in September 2023. He is accused of embezzling a loan of Rs 538.62 crore from Canara Bank to Jet Airways (now defunct).

This is how Naresh Goyal set up his business.

In 1967, Naresh Goyal came to Delhi from Patiala at the age of 18. At that time, his family was going through a severe financial crisis. Had to struggle even to eat two square meals a day. Goyal wanted to lift his family out of this poverty. He worked in a travel agency in Connaught Place, run by his cousins. Goyal used to get a monthly salary of Rs 300 here. Here he understood a lot about travel agency and slowly started moving forward in this industry. Just four years later, in 1973, Naresh Goyal opened his own travel agency. He named it Jet Air. Then people used to make fun of him for naming his travel agency after an airline company. Then Goyal used to say that one day he would definitely open his own airline company.

Jet Airways was shut down in 2019.

After many years of hard work, the day finally came when he opened his own airline company. In the year 1991, Naresh Goyal started Jet Airways as an air taxi. After taking over Air Sahara in 2007, Jet Airways was the country’s largest airline until 2010. But later the company’s difficulties began to mount. He had to step down from his post in March 2019 and Jet Airways ceased operations in the same year.

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