Directorate of Enforcement (ED) has attached properties worth Rs 538 crore under provisions of the Prevention of Money Laundering Act (PMLA) in the money laundering investigation against Jet Airways.
The agency made the submission in an affidavit filed to oppose a habeas corpus writ petition filed by the Jet Airways founder challenging his arrest by the ED in connection with a money laundering case.
Seeking businessman Naresh Goyal's remand, the ED claimed that the loans taken by now-defunct Jet Airways (India) Limited (JIL) from Canara Bank were used for purchasing things such as furniture, apparel and jewellery besides other illegitimate purposes.