ED attaches assets worth Rs 106cr of UCO Bank ex-CMD, associates
The ED has attached assets worth over Rs 106 crore belonging to former UCO Bank CMD SK Goel, his family, and associates, as part of a money laundering investigation related to a Rs 6,211-crore bank fraud case. Goel is accused of receiving illegal gratification for sanctioning loans to Concast Steel & Power Ltd (CSPL), which later turned into NPA. He allegedly routed kickbacks through shell companies.
The ED has attached assets worth over Rs 106 crore belonging to former UCO Bank CMD SK Goel, his family, and associates, as part of a money laundering investigation related to a Rs 6,211-crore bank fraud case. Goel is accused of receiving illegal gratification for sanctioning loans to Concast Steel & Power Ltd (CSPL), which later turned into NPA. He allegedly routed kickbacks through shell companies.
