Archive · 25 Jul 2025
ED Attaches Assets of Former UCO Bank Chairman in Corruption Probe
The Enforcement Directorate (ED) is investigating Subodh Kumar Goel, the former chairman of UCO Bank, for corruption.
They have seized properties worth Rs 106 crore.
Goel was arrested for allegedly taking bribes to approve large loans.
The ED found that he received money from a company called Concast Steel Power Ltd and used it to buy properties and other expensive items.
The investigation revealed the money was hidden using fake companies and family members.
This is like a banker getting money to give a company a loan, then using the money to buy fancy things.
ED attached properties worth Rs 106 crore belonging to former UCO Bank Chairman.
Subodh Kumar Goel was arrested on May 16 on charges of taking bribes.
ED's investigation followed an FIR by CBI regarding a Rs 6210.72 crore loan.
Goel allegedly received illegal gratifications from Concast Steel Power Ltd.
Goel used the bribe money to buy properties, luxury goods, and fund family travels.
- Who
- Subodh Kumar Goel, former UCO Bank Chairman, and the Enforcement Directorate (ED).
- What
- ED attached properties and investigated former UCO Bank Chairman for corruption and money laundering.
- When
- Subodh Kumar Goel was arrested on May 16. The investigation is ongoing.
- Where
- Delhi, where Goel's residence is located and where the arrest took place.
- Why
- The ED is investigating Goel for allegedly taking bribes to approve loans and for money laundering.
Prosecution
N/A
Use of funds
Prosecution
Former UCO Bank Chairman used the money he received through corruption and money laundering for his personal benefit and illegal activities.
N/A
No opposing view present in the provided articles.
- Subject
- Subodh Kumar Goel
- Role
- Former UCO Bank Chairman
- Allegations
- Corruption, money laundering
- Attached Property Value
- Rs 106 crore
- Arrest Date
- May 16
- Involved Agency
- Enforcement Directorate (ED)
- Initial Investigation Trigger
- FIR by CBI