Jet Airways (JAI, Mumbai International) founder, ex-Chairman, and ex-CEO Naresh Goyal was stopped at Mumbai International airport and barred from leaving India on May 25, 2019, The Indian Express has reported.
Goyal was due to travel via Dubai International to London together with his wife Anita. The Mumbai police later clarified that they were stopped due to a Look-Out Circular issued against them. The document is usually issued to control the movement of a person related to an ongoing investigation and to prevent them from fleeing India. It does not need to lead to an arrest or an indictment.
The Goyals are not currently officially charged with a crime, although the Indian Ministry of Corporate Affairs is reportedly checking the grounded carrier's books for funds possibly having been siphoned off accounts.
Meanwhile, the creditors of the airline hit a roadblock with their plan to repay a USD30 million loan from EXIM Bank (United States of America) and take ownership of six B777-300(ER) financed by the US bank. Live Mint has reported that following a lawsuit filed by a cargo handler, Worldwide Flight Services, a Dutch court seized one of the Boeing widebodies, VT-JEW (msn 35164).
"The Dutch court ruling has made the refinancing deal of the aircraft problematic since the overall recovery will be much less with a plane missing from the original count of six," a source said.
