5
Sunday
April 2020
7:21 PM IST
News Headlines
If you stay indoors right now, you are fighting the battle for your country: Pujara        Lockdown challenge: Rai builds muscles to maintain shape for third Olympics        Avolon cancels order for 75 Boeing 737 MAX planes        Stocks fall on Wall Street, heading for another weekly loss        Trump recommends Americans wear face masks, but says he won't        Indonesia covers up to protect orangutans from virus threat        Bangladesh sees highest single-day jump in coronavirus cases, extends shutdown to Apr 11        EC postpones elections to 11 UP Legislative Council seats amid lockdown        Coronavirus: No community transmission in Goa, says CM        Madhya Pradesh: Two senior health officials test positive for Covid-19        COVID-19 death toll nears 100-mark; Govt says no need to panic as 30% infections linked to Tablighi centre        Kerala has been successful in containing outbreak of COVID-19, claims CM        Elderly couple cured of COVID-19, says Kerala CM        COVID-19 death toll in country rises to 62, cases to 2,547        43 more test positive for virus in Mumbai; death toll 19        COVID-19 cases in Delhi mounts to 386; two more deaths: Authorities        COVID-19: Focus shifts to rapid tests in hotspots; Govt says numbers in control sans one ''event''        Rupee slides 53 paise to settle above 76 mark amid meltdown in equities        India-returned SA players are COVID-19 negative, no symptoms in those not tested        No alternative to constant testing to combat COVID-19: Sonia        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
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.


Avolon cancels order for 75 Boeing 737 MAX planes
Stocks fall on Wall Street, heading for another weekly loss
Rupee slides 53 paise to settle above 76 mark amid meltdown in equities
Sensex plunges over 700 pts; Nifty drops below 8,400
Maruti reports 47 pc in March sales
Govt bans export of anti-malarial drug hydroxycloroquine
In worst ever market crash, Sensex tumbles about 4,000 pts as India goes into lockdown
Govt amends law to get powers to raise excise duty on petrol, diesel by Rs 8/litre in future
How RBI set up war-room in just one day amid coronavirus outbreak
LIC declares relaxation for premium payments
Covid-19: SBI opens emergency credit line for borrowers
Sensex rallies over 1,800 pts; Nifty reclaims 8,700 level
Coronavirus impact may render 3.8 cr people jobless in tourism, hospitality sector
Asia stocks dive, dollar soars as ECB bazooka fails to ease fears
National Broadband Mission investment estimated at Rs 7 lakh cr: Prasad
Govt may cut rate on small savings schemes in next quarter
India must prepare for fighting coronavirus and economic slowdown: Rahul
FADA approaches SC for extension of sale, registration of BS-IV vehicles
Yes Bank resolution framework underway, depositors can withdraw money from Mar 18: Das
Rupee plunges 50 paise to 74.25 against US dollar amid coronavirus uncertainty
KERALA NEWS
Kerala has been successful in containing outbreak of COVID-19, claims CM
 Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Friday said the State has been success  
Elderly couple cured of COVID-19, says Kerala CM
32 new cases in Kerala, Elderly couple cured of virus
Covid-19: Punishment by police in Kannur for violating lockdown turns into row
INTERNATIONAL NEWS
Trump recommends Americans wear face masks, but says he won't
 Washington, Apr 4 (PTI) President Donald Trump has recommended Americans to cover their faces with s
Indonesia covers up to protect orangutans from virus threat
Bangladesh sees highest single-day jump in coronavirus cases, extends shutdown to Apr 11
US wages all-out war to defeat "horrible" coronavirus: says Trump, as death toll crosses 5,000
NATIONAL NEWS
EC postpones elections to 11 UP Legislative Council seats amid lockdown
 Lucknow, Apr 4 (PTI) The Election Commission has postponed the elections to 11 Uttar Pradesh Legisla
Coronavirus: No community transmission in Goa, says CM
Madhya Pradesh: Two senior health officials test positive for Covid-19
43 more test positive for virus in Mumbai; death toll 19
Untitled Page
Rashtra Deepika LTD
Copyright @ 2020 , Rashtra Deepika Ltd.