ED arrests former UCO Bank chairperson for ‘diverting, siphoning’ funds worth over ₹6,000 crores
The ED investigation revealed that during his tenure as the CMD of UCO Bank, UCO Bank had sanctioned large credit facilities to Concast Steep & Power Ltd, and received various illegal gratifications from shell entities linked to the company.
The ED investigation revealed that during his tenure as the CMD of UCO Bank, UCO Bank had sanctioned large credit facilities to Concast Steep & Power Ltd, and received various illegal gratifications from shell entities linked to the company.
