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INDIAN (B)

ED may summon Naresh Goyal in Jet privilege case

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Jet Airways incorporated Jet Privilege Pvt Ltd (JPPL) as a wholly owned unit in 2012. After Etihad bought a 50.1% stake, it was hived off as an independent entity. Jet Airways holds the remaining 49.9%. In May, the ED called senior executives of the airline to question about the $150 million stake sale in JPPL. Now, the ED is likely to summon founder Naresh Goyal for the same.



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