“..the Regional Director, Western Region, Ministry of Corporate Affairs had, in September 2018, conducted an inspection and sought certain details and documents. Further details/documents were sought in April, 2019," Jet Airways said in a statement to the stock exchanges. The report could be referred to Serious Fraud Investigation Office (SFIO) for a probe of fraud allegations," the person had told Mint. Meanwhile, a bidding contest to find an investor for Jet Airways is set to end on Friday evening. Jet Airways suspended operations on 17 April under more than $1 billion of debt and a cash crunch.

Source: Mint May 10, 2019 08:48 UTC