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Naresh Goyal used bank loan funds for personal expenses: ED

Dubious and personal expenses of Rs 1,000 crore were made from bank-loan funds for Jet Airways founder Naresh Goyal and his family members even as the airline diverted money to some tax havens, the Enforcement Directorate (ED) alleged on Saturday, after arresting the businessman in a money-laundering case.

Goyal (74) was taken into custody late on Friday night after the central probe agency took him to its Mumbai office from Delhi.

A special court set up to deal with cases lodged under the Prevention of Money Laundering Act (PMLA) on Saturday sent him to the ED s custody for 10 days, till September 11. ....

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