Former Jet Airways Chairman, wife stopped from leaving India
May 25, 2019 | 6:44 PM
by Times News Service
File photo of Ex-Jet Airways Chairman Naresh Goyal.

Mumbai: Former Jet Airways Chairman Naresh Goyal and his wife were stopped by Mumbai Immigration authorities from leaving the country, an Indian news agency reported.

The Serious Fraud Investigation office and the Enforcement Directorate have reportedly started inquiring into the Jet Airways crisis.

Indian judicial officials said that a lookout circular has been put out against the Jet Airways founders.

Jet Airways, one of India’s oldest and most successful airlines, is struggling with a debt of more than $1.2 billion, and owes money to lessors, suppliers, pilots and oil companies. Lenders of the now-grounded Jet Airways have taken a controlling stake in the airline, and are currently in the process of selling a stake to recover their dues.

The airline announced that it was suspending operations on April 17.

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