INSUBCONTINENT EXCLUSIVE:
Mumbai: The Enforcement Directorate has questioned some senior executives of Jet Airways in connection with foreign investment in the
agency had in the past raised queries about the deal, this was the first time it summoned its officials for a detailed questioning, an ED
The probe will ascertain if this was an arrangement struck between the two in order to get more FDI in the airline and if the said
financial distress, is being probed by multiple agencies including the corporate affairs ministry and the income-tax department for alleged
irregularities.
Etihad still holds 50.1 per cent in JPPL, incorporated in 2012, with Jet Airways holding the rest.