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Monday
July 2020
11:25 AM IST
News Headlines
Former India cricketer Chetan Chauhan tests positive for COVID-19        West Indies beats England as international cricket returns        Rahul again targets Modi for Eastern Ladakh face-off with China        Aishwarya, daughter Aaradhya test positive for coronavirus        More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh        Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque        Russia''s Sechenov University completes trials of Coronavirus vaccine        Trump wears mask on camera for first time as he visits military hospital        Kerala has become ''hub'' of smuggling gold, alleges Chennithala        Kerala reports 435 new COVID-19 cases, tally rises to 7,873        2 key accused in gold smuggling case remanded to judicial custody        488 cases in Kerala, Infection tally touches 7438; 2 deaths        Gold smuggling case: Swapna, Sandeep taken into custody by NIA        Amitabh Bachchan tests COVID-19 positive, hospitalised        Hardik Patel appointed working president of Gujarat Congress        TN records 3,965 new COVID-19 cases,69 deaths        Why is Modi scared of disclosing names of those who donated to PM Cares, asks Rahul        Trump commutes friend Roger Stone''s sentence        Ruling People''s Action Party reelected in Singapore        5 killed in hostage situation at church in South Africa        
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Business News
Yes Bank: Jet Airways founder Naresh Goyal appears before ED
 
Mumbai: Jet Airways founder Naresh Goyal on Saturday appeared before the Enforcement Directorate in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and his family members, officials said.

They said Goyal's statement will be recorded by the investigating officer of the case under the Prevention of Money Laundering Act (PMLA) at its office in Ballard Estate here.

Jet Airways' loan exposure to the crisis-ridden Yes Bank is about Rs 550 crore.

Goyal was first summoned by the central probe agency on March 18 but he cited the reason of tending to an ill relative for skipping the summons.

He was given a fresh time and deposed Saturday, they said.

The agency initiated action against Kapoor and his family members and raided him soon after the Reserve Bank imposed a moratorium on the "stressed" Yes Bank earlier this month.

Normal banking operations for Yes Bank customers were re-started on Wednesday.

Kapoor, 62, was arrested by the ED in Mumbai on March 8 and at present he is in judicial custody.

The ED has grilled Reliance Group Chairman Anil Ambani and Peter Kerkar of Cox & Kings company.

The probe agency has accused Kapoor, his family members and others of laundering "proceeds of crime" amounting to Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later allegedly became a non-performing asset (NPA).

As many as 44 companies belonging to 10 large business groups reportedly accounted for bad loans totalling Rs 34,000 crore of Yes Bank.

Goyal, the former chairman of the now defunct airline, is already facing a separate criminal probe under the PMLA and also a foreign exchange violations case being investigated by the ED.

A full-service carrier, Jet Airways shut its operations in April last year after running out of cash.

A month earlier, Goyal had stepped down as the chairman of Jet Airways.


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KERALA NEWS
Kerala has become ''hub'' of smuggling gold, alleges Chennithala
 Kochi: Sharpening his attack against the CPI(M)-led LDF government over the sensational gold smuggli  
Kerala reports 435 new COVID-19 cases, tally rises to 7,873
488 cases in Kerala, Infection tally touches 7438; 2 deaths
Youth outfits of parties clash with police, demand CM''s resignation
INTERNATIONAL NEWS
Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque
 Moscow: Pope Francis said on Sunday that he was disappointed by Turkey''s decision to convert the Ha
Russia''s Sechenov University completes trials of Coronavirus vaccine
Trump wears mask on camera for first time as he visits military hospital
Trump commutes friend Roger Stone''s sentence
NATIONAL NEWS
Rahul again targets Modi for Eastern Ladakh face-off with China
 New Delhi: Targetting Prime Minister Narendra Modi, former Congress president Rahul Gandhi on Sunday
Aishwarya, daughter Aaradhya test positive for coronavirus
More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh
Amitabh Bachchan tests COVID-19 positive, hospitalised
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