Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Lookout Notice Against Jet Airways CEO Vinay Dube

The development comes days after Jet Airways'former Chairman Naresh Goyal and his wife Anita were off-loaded from a London-bound flight in Mumbai due to a lookout circular that has been issued against them by the MCA and the Serious Fraud Investigation Office (SFIO).

IANS

Updated:June 1, 2019, 4:50 PM IST
facebookTwitterskypewhatsapp
Lookout Notice Against Jet Airways CEO Vinay Dube
A file photo of Jet Airways CEO Vinay Dube. (Reuters)
Loading...

New Delhi: Not just Jet Airways'former Chairman Naresh Goyal, but even its former Chief Executive Vinay Dube has been barred from leaving India, as a probe into the financial irregularities in the running of the grounded airline continues.

The Ministry of Corporate Affairs (MCA) has issued a lookout circular against Dube, similar to the one which was earlier issued on Goyal.

Dube had resigned from the services of the company with immediate effect from May 14 due to personal reasons.

According to sources, the MCA has sent out a lookout circular for over 20 people suspected of economic offences and Dube is included in the list.

Sources said that the lookout notices has been served against people who allegedly siphoned funds or were involved in serious fraud and irregular transactions. Indicating a strict stance against economic offenders, the circular sent out to investigating and securities agencies says their "summer vacation needs to stop".

The development comes days after Goyal and his wife Anita were off-loaded from a London-bound flight in Mumbai due to a lookout circular that has been issued against them by the MCA and the Serious Fraud Investigation Office (SFIO).

Having run out of cash, Jet Airways had suspended operations On April 17, impacting thousands of employees, lessors, vendors and passengers.

Lenders of Jet Airways led by state-run State Bank of India are currently in the process of selling the airline to recover their dues of over Rs 8,400 crore.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 562.45 1.25
Yes Bank 100.35 -2.76
HDFC 2,182.00 0.30
TCS 2,233.55 -1.17
Reliance 1,282.00 0.36
Company Price Change %Gain
Indiabulls Hsg 563.00 1.37
Yes Bank 100.30 -2.86
Dewan Housing 60.80 -3.57
Top Gainers
Company Price Change %Gain
Power Grid Corp 201.80 0.75
IOC 155.80 0.91
Indiabulls Hsg 562.45 1.25
Coal India 258.85 0.70
BPCL 382.95 0.95
Company Price Change %Gain
Power Grid Corp 201.80 0.50
Coal India 258.80 0.56
ONGC 168.05 0.42
Bharti Airtel 343.05 0.38
Reliance 1,282.00 0.35
Top Losers
Company Price Change %Gain
Wipro 284.35 -3.30
Yes Bank 100.35 -2.76
Britannia 2,802.90 -2.53
UPL 925.40 -2.62
Adani Ports 398.35 -2.29
Company Price Change %Gain
Yes Bank 100.30 -2.86
IndusInd Bank 1,360.10 -1.65
Tata Motors 152.50 -1.39
Asian Paints 1,364.05 -1.28
Maruti Suzuki 6,354.15 -1.23

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results