ED arrests ex-UCO Bank Chairman Subodh Kumar Goel in connection with fraud case, gets custody till May 21

The Enforcement Directorate (ED) has arrested former UCO Bank CMD Subodh Kumar Goel on money laundering charges related to a Rs 6,200 crore loan fraud involving Concast Steel and Power Ltd (CSPL). Goel is accused of receiving illegal gratification for sanctioning credit facilities to CSPL, which were subsequently diverted.