Jet Airways (9W, Mumbai Int'l) has been asked by the Securities & Exchange Board of India (SEBI), a financial market watchdog, to provide a response to media allegations related to fraudulent trading practices by the carrier's founder and Chairman Naresh Goyal, the airline has disclosed in a stock market filing.

The carrier has said it has provided an answer to the SEBI's letter dated April 30, 2018, without going into details as to the contents of the remarks it has received from the regulator.

"[SEBI] has sought the views/recommendations of the statutory auditors and the Audit Committee of the Company on the same. [Jet Airways] has already taken necessary steps in this regard as directed by SEBI and is in communication with SEBI in the matter," the airline has said.

Jet Airways has said it received a similar complaint in June 2016. After providing an answer to SEBI, the case was then closed. The carrier has underlined it fulfils all regulatory obligations regarding disclosures and reporting and cannot explain the drop in share price in late May, which prompted a new wave of media allegations, which Jet Airways has called "unsubstantiated".