Jet Airways founder Naresh Goyal seeks more time to appear at ED amid Rana Kapoor probe

After being issued a summons by Enforcement Directorate in connection with ongoing probe into Yes Bank founder Rana Kapoor, Naresh Goyal - Former chairman of Jet Airways, on Wednesday, has sought additional time from ncy to appear before it, as per sources. Goyal has allegedly stated to ED that his sister is suffering terminally from cancer. Sources report that Goyal has told ED that y come to hospital to record his statement.

BIG: ED summons Naresh Goyal, Subhash Chandra after Anil Ambani amid Rana Kapoor probe

ED summons Goyal, Gehlaut, Subhash Chandra

Earlier on Monday, ED issued summons to Indiabulls chairman Sameer Gehlaut and CEO Gagan Banga allegedly in connection to probe into Yes Bank founder Rana Kapoor, as per sources. ED has also reportedly summoned chairman of Essel group Subhash Chandra (former chairman of Zee TV) and Jet Airways founder Naresh Goyal in connection to same case. This development comes after summons already being issued to Reliance Group chairman Anil Ambani. When Republic TV contacted Banga, he said that he had t received any such summons from ED.

ED summons Anil Ambani in probe against Yes Bank co-founder Rana Kapoor; Ambani seeks time

Anil Ambani summoned

Ambani was allegedly summoned in connection with its money laundering probe against Yes Bank promoter Rana Kapoor. In response to summons, Anil Ambani has filed an adjournment application seeking more time on health grounds to appear before ED and may be issued a new date. ED sources believe that Reliance group is one of many corporate entities that have amounted to bad loans taken from stressed lender - Yes Bank.

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Corporates' crisis in 2019

Among big names mentioned in summons -  Subhash Chandra had lost controlling shares of Zee Entertainment Enterprises and has been selling stakes in Zee to help repay debt of Essel Group. Similarly, Anil Ambani had to file for insolvency of his telecom carrier- Reliance. He also escaped jail time after his bror and Asia’s richest man, Mukesh Ambani bailed him out by repaying his $77 million debt to Indian unit of Ericsson AB for past maintenance services, as ordered by Supreme Court. Goyal too stepped down as Jet Airways chairman after his airlines was pushed into deep losses and filed for bankruptcy. While Jet Airways is currently undergoing insolvency, government said it was investigating an alleged $2.6 billion fraud involving Jet Airways.

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ED probes Kapoor

Currently, Enforcement Directorate is investigating into Yes Bank founder Rana Kapoor - who was under judicial custody. ED has accused Kapoor, his family members and ors of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through ir bank that later turned NPA. ED is also probing into loans offered by Yes Bank to DHFL which has been booked for siphoning funds close to Rs 13000 crores allegedly through 80 shell companies. CBI too has booked a case against Kapoor for same offence.