Jet Airways related party transactions (RPTs) have come under SFIO scanner, according to media. The SFIO is likely to probe into beleaguered airline’s third-party contracts, as it suspects siphoning of funds by the airline via the RPTs, the report suggests.
SFIO would also probe RPTs between Jet Airways and its founder Naresh Goyal, whose firm used to handle various arms of Jet Airways. SFIO probe would also involve checking whether the third party transactions (TPTs) were done at higher than market value. Shares of Jet Airways were trading 4.87 per cent lower at Rs 37.10 apiece at around 2 pm.
Read EquityPandit’s Nifty Outlook for the Week
Signals, Powered By EquityPandit