Enforcement Directorate begins probe into Etihad's 2014 investment in JetPrivilege
Updated : May 08, 2019 12:01 PM IST
A senior official in the ED told Moneycontrol that Etihad’s Rs 900-crore investment in JetPrivilege may have been a violation of FDI limit norms. Etihad picked up a 50.1 percent stake in JPPL through the investment.
The ED has called the senior management of Jet Airways next week to understand the deal structure.
Another source told Moneycontrol that the ED is also separately looking into Jet founder Naresh Goyal’s investments in various foreign airlines.
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