ED arrests former UCO Bank CMD Subodh Kumar Goel in connection with fraud case

ED has arrested UCO Bank's former CMD Subodh Kumar Goel in connection with an ongoing bank fraud case investigation. "During Goel's term as UCO Bank's CMD, large credit facilities were sanctioned to CSPL, which were subsequently diverted and siphoned off by the borrower group," the ED said. Goel received substantial illegal gratifications from CSPL including immovable properties and luxury goods.