NEW DELHI: The Enforcement Directorate (ED) has arrested Jet Airways founder Naresh Goyal in a money laundering case. The action was taken in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank. 74-year-old Naresh Goyal was arrested under the Prevention of Money Laundering Act (PMMLA) after hours of interrogation at the ED office in Mumbai.

Goyal is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek for his custodial remand.

The case is based on an FIR registered by the Central Bureau of Investigation (CBI) earlier in May this year.

On Friday, the CBI registered an FIR against the Chairman of Jet Airways, his wife and others 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.

Earlier on Wednesday, the ED conducted raids in multiple cities including Delhi and Mumbai in the money laundering case against the former promoter of Jet Airways and his associates.