more-inThe Securities and Exchange Board of India (SEBI) has sought information from Jet Airways (India) following a complaint regarding alleged fraudulent practices by the airline. Jet Airways said similar allegations had also been made earlier and that the markets regulator had, in June 2016, written seeking the carrier’s response. ‘Not heard back’“The company had provided its response to SEBI in July 2016. The company statement came in response to the exchanges seeking a clarification on reports about alleged fraudulent practices by Naresh Goyal, the promoter of the airline. On the BSE, shares of Jet Airways gained 1.14%, or ₹4.80, to close at ₹425.40.

Source: The Hindu May 30, 2018 17:15 UTC