Former UCO Bank CMD Subodh Kumar Goel Charged in Multi-Crore Fraud
A new chargesheet accuses former UCO Bank CMD Subodh Kumar Goel and associates of laundering over Rs 6,200 crore. The ED has seized assets worth Rs 612.71 crore under PMLA. Goel faces charges for sanctioning loans to CSPL in return for illegal gratifications. His close associate, Anant Kumar Agarwal, is also implicated.
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The Enforcement Directorate (ED) has filed a chargesheet against former UCO Bank Chairman and Managing Director Subodh Kumar Goel and several of his family members, implicating them in a major money-laundering scheme, officials said on Friday.
Authorities have attached properties valued at Rs 106 crore as part of their ongoing probe under the Prevention of Money Laundering Act (PMLA). Goel's arrest took place in May in connection with a massive Rs 6,200 crore bank loan fraud related to Concast Steel & Power Ltd. (CSPL), a Kolkata-based company.
Additionally, chartered accountant Anant Kumar Agarwal, a close associate of Goel, has been jailed for facilitating the flow of illicit funds through shell companies. With the latest asset seizure, the ED's total asset freeze in this case now reaches Rs 612.71 crore.
(With inputs from agencies.)
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