ED raid underway at Naresh Goyal's residence in Mumbai

The Enforcement Directorate is conducting searches at the premises of Jet Airways founder Naresh Goyal in Mumbai in connection with a case of an alleged contravention of the foreign exchange law.

Mumbai (Maharashtra): Enforcement Directorate (ED) raid is underway at the residence of former Chairman of Jet Airways, Naresh Goyal in connection with an alleged money laundering case.

Goyal had stepped down from the post of the chairman in March last year, paving way for lenders to bail out the financially troubled airline he had set up 25 years ago.

More details are awaited.

(ANI Report)