The Kolkata Zonal Office of the Configuration Directorate (ED) on May 16 arrested Subodh Kumar Goel, a former president and managing director (CMD) or UCO Bank, on alleged detour and detour or funds with a value of ₹ 6000 CLORES
According to a statement from the Emergency Department, the case against Mr. Goel is related to the sanction of the credit facilities to Constra Steel & Power Ltd. (CSPL) and the subsequent detour and the diversion or diversion or loan funds that amount to ₹ 6,210.72 CRores.
Mr. Goel was arrested from his residence in Delhi and produced in a special court in Kolkata on May 17. The ED received the custody of Mr. Goel until May 21.
His sentence followed an ED investigation based on a first information report presented by the Bank Securities and Frauds branch of the Central Research Office.
In particular, there is an ongoing ED investigation against CSPL and others in a case of bank fraud under the money laundering prevention law, 2002. Duration of research, real estate related to Sanjay Surekha and CSPL Worth Etvissost RS 510 ed.
The ED Research on Goel revealed that the duration as CMD of UCO Bank, the bank had sanctioned large credit facilities to CSPL, which were later diverted and deviated by the borrower group.
In turn, it was discovered that Goel had received important illegal “gifts” from CSPL, such as effective, real estate, luxury products, hotels, etc. These were routed through different channels such as Shell Companies, fictitious and family people to hide the source of money, which was left to CSPL.
According to the ED statement, these shell entities are property or controlled by Mr. Goel and their family members. The ED searches May 22 in several places throughout the country, including the residences of Mr. Goel and other related people. They recovered varied incriminating materials, including evidence, according to reports, detailed illegal varied gratifications received by Mr. Goel.
Published – May 21, 2025 09:58 am istt