Sept 2 (Reuters) - An Indian court on Saturday decided that Jet Airways (JET.NS) founder Naresh Goyal will remain in India's financial crime agency's custody until Sept. 11, the agency said in a press statement.
The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank (CNBK.NS).
The losses to a consortium of nine lenders is much larger, at 59.6 billion Indian rupees ($720.78 million), ED said.
The bank had filed a complaint in May against the airline, Goyal, his wife and a former airline director for "causing wrongful loss" to the lender.
Goyal founded Jet Airways in 1992 but shut down operations in April 2019 after running out of cash.
Persons:
Naresh Goyal, Goyal, Goyal hasn't, ED, Jayshree, Aditya, Tomasz Janowski, Ros Russell
Organizations:
Jet Airways, . Jet Airways, Canara Bank, Goyal, Thomson
Locations:
India, Dubai, Ireland, British Virgin