Must Read

ED arrests former UCO Bank CMD S K Goel in bank fraud case

By IndianMandarins- 20 May 2025
1374

ed-arrests-former-uco-bank-cmd-s-k-goel-in-bank-fraud-case

New Delhi (20.05.2025): The Enforcement Directorate (ED) has arrested former UCO Bank CMD Subodh Kumar Goel in connection with ongoing probe against Concast Steel and Power Limited and an alleged bank fraud case to the tune of Rs 6210.72 crore. He is also accused of alleged money laundering case.
Charges are related to sanctioning of credit facilities to CSPL and subsequent large-scale diversion of loans. He was produced before the Special Prevention of Money Laundering Act (PMLA) court in Kolkata on May 17 and was sent to ED custody till May 21.
The ED claimed that during the tenure of Goel as the CMD of UCO Bank, large credit facilities were sanctioned to CSPL which were subsequently diverted and siphoned off by the borrower group and Goel allegedly received substantial illegal gratification from CSPL.

Tags :
Previous Article NSDC Board terminates its CEO
Next Article Appointments & Recommendations (GoI):- 19.05.2025
free stat counter