Fraud

A court has put Jet Airways founder Naresh Goyal in judicial custody for 14 days in connection with an alleged Rs 538 crore fraud. This case is tied to an alleged Rs 538 crore fraud at Canara Bank. The FIR was launched in response to a bank complaint saying that it had authorized credit limits and loans totaling Rs 848.86 crore for Jet Airways (India) Ltd., with Rs 538.62 crore still owed.