Mumbai/IBNS: Jet Airways founder Naresh Goyal and five others were charge-sheeted by the Enforcement Directorate (ED) on Tuesday for their alleged involvement in a fraud of Rs. 538 crore at the Canara Bank.

Goyal was arrested by the ED on September 1 under the Prevention of Money Laundering Act (PMLA).

He is currently in judicial custody and lodged at the Arthur Road jail here.

The money laundering case stems from the first information report (FIR) of the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita and some former company executives of the now-grounded private airline in connection with the alleged fraud case.

The FIR was registered on the bank's complaint, which alleged that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of ₹848.86 crore, of which ₹538.62 crore was outstanding.