ED arrests ex-UCO Bank CMD Subodh Kumar Goel on money laundering charges

Subodh Kumar Goel, former CMD of UCO Bank, has been arrested by the Enforcement Directorate (ED) on money laundering charges. The arrest is linked to a Rs 6,200 crore loan fraud case involving Concast Steel and Power Ltd (CSPL). Goel is accused of receiving illegal gratification from CSPL in exchange for sanctioning large credit facilities that were later diverted.

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