MUMBAI: Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from traveling to London, an official said, months after the debt-laden company grounded its fleet.
Goyal was taken into custody at Mumbai’s international airport along with his wife Anita after authorities recalled the Dubai bound Emirates flight as it headed to the runway for take-off, a spokesperson for the immigration department said in a statement to AFP.
Officials gave no explanation for the couple’s travel ban but media reports said they were allowed to leave the airport later.
Goyal is not under investigation but a number of high-profile businessmen have fled India over their alleged involvement in financial crimes, causing a massive public outcry.
The 69-year-old stepped down from the company’s chairmanship and board in March following a debt restructuring pact with lenders as it reeled under a loan of $1.2 billion.
Anita also stepped down from the board.
Once India’s top airline, Jet halted its operations after a consortium of lenders declined to pay emergency cash as it failed to find a buyer for a 75 percent stake in the carrier in April.
The consortium led by State Bank of India, India’s biggest state-owned bank, took control of Jet in March, pledging to give $218 million in “immediate funding support” as part of a rescue plan.
But the lenders refused dole-out cash to the beleaguered airline that has failed to pay employees’ salaries since January, forcing hundreds on to the streets as some 20,000 staff face losing their jobs.
Bad investments, competition from several low-cost carriers, high oil prices and a weak rupee have led to Jet’s current financial predicament. Mismanagement has also plagued the airline.
Analysts trace the start of Jet’s financial problems to its 2006 purchase of Air Sahara for $500 million in cash.
Goyal, a travel-agent-turned entrepreneur, launched Jet in 1992 after the Indian government passed a series of reforms designed to make the economy more market-driven.
The Mumbai-based carrier quickly gained a reputation for introducing new initiatives — Jet was the first Indian airline to offer a frequent flyer program and in-flight entertainment.
But it began to take a battering from new, well-run budget airlines including IndiGo, GoAir and SpiceJet, which were founded between 2005 and 2006.
Another low-cost carrier, Kingfisher Airlines closed in 2012 after it failed to repay loans worth millions of dollars to state-owned banks. Its owner Vijay Mallya fled India in 2016 and is currently fighting an extradition case in London court against his deportation for facing financial fraud trial.
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India’s beleaguered Jet Airways founder held at airport
India’s beleaguered Jet Airways founder held at airport
- Goyal is not under investigation but a number of high-profile businessmen have fled India over their alleged involvement in financial crimes, causing a massive public outcry
- The 69-year-old stepped down from the company’s chairmanship and board in March following a debt restructuring pact with lenders as it reeled under a loan of $1.2 billion
Congo-Brazzaville president set to extend decades-long rule
BRAZZAVILLE: At the age of 82 and after more than 40 years in power, Denis Sassou Nguesso is the clear favorite to win Sunday’s presidential election in Congo-Brazzaville.
With the opposition divided, sidelined and largely absent, observers say voter turnout could slump to a record low in the oil-rich but impoverished central African country.
Sassou Nguesso ranks as one of Africa’s longest-serving leaders, along with Equatorial Guinea’s Teodoro Obiang Nguema and Cameroonian President Paul Biya.
“Honestly, I don’t see the point of voting on March 15. Whether I vote or not, we’ll have the same winner,” said Cyril Massamba, who lives in the capital Brazzaville.
Sassou Nguesso, a career military officer, first led Congo under a one-party system from 1979 to 1992 before losing the first multi-party elections to former prime minister Pascal Lissouba, whom Sassou Nguesso then overthrew in a civil war in 1997.
He has maintained a firm grip over the former French colony, which gained independence in 1960 and has traditionally maintained close ties with both France and Russia.
Six candidates are bidding to unseat him but few have the resources to compete with the ruling Congolese Labour Party (PCT).
The party’s red Soviet-style flags and giant Sassou Nguesso portraits have filled city streets since the campaign began.
Lacking broad support, opposition candidates have been unable to rally behind a single challenger.
The two main opposition parties have chosen not to stand, one of them arguing that conditions for a free and transparent election have not been met, and urging supporters to vote “according to their conscience.”
“Denis Sassou Nguesso controls the entire electoral process,” said Clement Mierassa, an opposition figure, former minister and previous presidential candidate.
He argued that all those running against the president were just placeholders.
Two prominent candidates who challenged Sassou Nguesso in the disputed 2016 election remain in prison, serving 20-year sentences for “endangering state security.”
- Turnout fears, unemployment -
“I’ll go to a polling station the day my own child is a candidate,” joked shopkeeper Monique Ouollo.
Sassou Nguesso has urged his supporters to turn out and vote in Sunday’s first round, telling a rally in Pointe?Noire: “No abstention!” No date has yet been given for a second round of voting.
But many young people in the port city voiced frustration over chronic unemployment and the lack of economic prospects in a country rich in oil and gas.
Despite GDP growth of 2.9 percent in 2025, about half the population of six million lives below the poverty line, according to the World Bank.
Congo-Brazzaville depends heavily on hydrocarbons, which account for more than three-quarters of export earnings.
Authorities say proven oil reserves will last another 25 years at current production rates and aim to reach 500,000 barrels a day by 2030.
Gas production reached three million tons of LNG last year.
Although it has 10 million hectares of arable land, only about four percent is farmed, mostly for low-yield subsistence crops.
The country imports much of its food, leaving households exposed to swings in global prices, shipping costs and exchange rates.
Officials hope Congo’s location — between the Congo Basin and the Atlantic Ocean — will help turn it into a regional trading hub, tapping existing rail and road networks to boost links with neighbors.
- Diplomatic balancing act -
At Sassou Nguesso’s first campaign rally last month, foreign paramilitaries were spotted on rooftops nearby, including a sniper.
Their presence fueled speculation about Russian mercenaries providing security, mirroring arrangements in the Central African Republic.
A ruling party official confirmed to AFP that the men were Russian personnel, without detailing their mission.
Seen as a relatively stable hub in a volatile region, Congo-Brazzaville retains close ties with Paris, its largest development aid donor, and is home to around a hundred French companies.
But Russia is also a longstanding partner: Congo was allied with the Soviet bloc from 1968 to the early 1990s.
Though Sassou Nguesso maintains tight control over the security apparatus, some of his allies acknowledge that fears of a power grab remain.
The president told AFP in an interview in early March that he does not intend to “remain in power forever.”
With the opposition divided, sidelined and largely absent, observers say voter turnout could slump to a record low in the oil-rich but impoverished central African country.
Sassou Nguesso ranks as one of Africa’s longest-serving leaders, along with Equatorial Guinea’s Teodoro Obiang Nguema and Cameroonian President Paul Biya.
“Honestly, I don’t see the point of voting on March 15. Whether I vote or not, we’ll have the same winner,” said Cyril Massamba, who lives in the capital Brazzaville.
Sassou Nguesso, a career military officer, first led Congo under a one-party system from 1979 to 1992 before losing the first multi-party elections to former prime minister Pascal Lissouba, whom Sassou Nguesso then overthrew in a civil war in 1997.
He has maintained a firm grip over the former French colony, which gained independence in 1960 and has traditionally maintained close ties with both France and Russia.
Six candidates are bidding to unseat him but few have the resources to compete with the ruling Congolese Labour Party (PCT).
The party’s red Soviet-style flags and giant Sassou Nguesso portraits have filled city streets since the campaign began.
Lacking broad support, opposition candidates have been unable to rally behind a single challenger.
The two main opposition parties have chosen not to stand, one of them arguing that conditions for a free and transparent election have not been met, and urging supporters to vote “according to their conscience.”
“Denis Sassou Nguesso controls the entire electoral process,” said Clement Mierassa, an opposition figure, former minister and previous presidential candidate.
He argued that all those running against the president were just placeholders.
Two prominent candidates who challenged Sassou Nguesso in the disputed 2016 election remain in prison, serving 20-year sentences for “endangering state security.”
- Turnout fears, unemployment -
“I’ll go to a polling station the day my own child is a candidate,” joked shopkeeper Monique Ouollo.
Sassou Nguesso has urged his supporters to turn out and vote in Sunday’s first round, telling a rally in Pointe?Noire: “No abstention!” No date has yet been given for a second round of voting.
But many young people in the port city voiced frustration over chronic unemployment and the lack of economic prospects in a country rich in oil and gas.
Despite GDP growth of 2.9 percent in 2025, about half the population of six million lives below the poverty line, according to the World Bank.
Congo-Brazzaville depends heavily on hydrocarbons, which account for more than three-quarters of export earnings.
Authorities say proven oil reserves will last another 25 years at current production rates and aim to reach 500,000 barrels a day by 2030.
Gas production reached three million tons of LNG last year.
Although it has 10 million hectares of arable land, only about four percent is farmed, mostly for low-yield subsistence crops.
The country imports much of its food, leaving households exposed to swings in global prices, shipping costs and exchange rates.
Officials hope Congo’s location — between the Congo Basin and the Atlantic Ocean — will help turn it into a regional trading hub, tapping existing rail and road networks to boost links with neighbors.
- Diplomatic balancing act -
At Sassou Nguesso’s first campaign rally last month, foreign paramilitaries were spotted on rooftops nearby, including a sniper.
Their presence fueled speculation about Russian mercenaries providing security, mirroring arrangements in the Central African Republic.
A ruling party official confirmed to AFP that the men were Russian personnel, without detailing their mission.
Seen as a relatively stable hub in a volatile region, Congo-Brazzaville retains close ties with Paris, its largest development aid donor, and is home to around a hundred French companies.
But Russia is also a longstanding partner: Congo was allied with the Soviet bloc from 1968 to the early 1990s.
Though Sassou Nguesso maintains tight control over the security apparatus, some of his allies acknowledge that fears of a power grab remain.
The president told AFP in an interview in early March that he does not intend to “remain in power forever.”
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