Archive · 25 Jul 2025
ED Files Charges Against Ex-UCO Bank CMD; Assets Attached
The government is accusing the former boss of UCO Bank, Subodh Kumar Goel, and his family of money laundering.
They've filed charges and seized about $12 million of his assets.
Goel was arrested earlier for his part in a large loan fraud involving a company called Concast Steel & Power Ltd.
Investigators believe he took bribes in exchange for approving loans.
The money moved through fake companies to hide it.
A person who helped manage this money, a Chartered Accountant named Anant Kumar Agarwal, was also arrested.
This is part of a larger investigation where the total assets frozen related to the case amount to $72 million.
Former UCO Bank CMD Subodh Kumar Goel and family charged with money laundering.
Properties worth Rs 106 crore have been attached by the Enforcement Directorate (ED).
Goel was arrested in May for alleged involvement in a Rs 6,200 crore loan fraud.
He is accused of receiving illegal gratifications for sanctioning loans.
A Chartered Accountant, Anant Kumar Agarwal, was also arrested in relation to the case.
- Who
- Enforcement Directorate, Subodh Kumar Goel (ex-UCO Bank CMD), Anant Kumar Agarwal (Chartered Accountant).
- What
- ED filed a chargesheet against former UCO Bank CMD Subodh Kumar Goel and his family for money laundering and attached assets worth Rs 106 crore.
- When
- Chargesheet filed on July 25.
- Where
- Kolkata
- Why
- Goel is accused of receiving illegal gratifications for sanctioning loans, leading to money laundering charges.
- Accused
- Subodh Kumar Goel and family
- Charges
- Money Laundering
- Attached Assets
- Rs 106 crore
- Original Arrest
- May
- Loan Fraud Amount
- Rs 6,200 crore
- Involved Company
- Concast Steel & Power Ltd (CSPL)
- CA Arrested
- Anant Kumar Agarwal