According to the ED, Naresh Goyal fraudulently diverted loan proceeds as pointed out by Ernst & Young's Forensic Audit Reports, causing the bank a loss of Rs 538.62 crore.
Despite all these crises, Jet has continued to offer discounts and accept advance bookings from passengers which have forced the ministry to intervene.
Civil Aviation Minister has ordered an emergency meeting on flight groundings, advance bookings, cancellation, refunds and safety issues of Jet Airways