ED suspects Jet Airways diverted 25-30% of bank loans overseas, smells underworld connection

ED suspects Jet Airways diverted 25-30% of bank loans overseas, smells underworld connection

The Enforcement Directorate found that Jet Airways paid a higher commission to their agents, and in most of the cases, the commissions were paid to these companies were non-existent. In another method, expenditures were inflated, and the money was sent money overseas.

Read More