New Delhi, May 19: The Enforcement Directorate has arrested former UCO Bank CMD Subodh Kumar Goel on money-laundering charges in an alleged bank loan fraud case of more than Rs 6,200 crore linked to a Kolkata-based company.
ED said that he was produced before the special Prevention of Money Laundering Act (PMLA) court in Kolkata, which sent him to ED custody until May 21, 2025.
The ED had raided the premises of Goel and some others in April as part of this investigation.
The money-laundering case stems from a CBI FIR related to the sanction of credit facilities to CSPL and subsequent large-scale "diversion" and "siphoning" of loans amounting to ₹6,210.72 crore (principal amount without interest).
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