ED attaches assets worth Rs 106cr of UCO Bank ex-CMD, associates |...

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ED attaches assets worth Rs 106cr of UCO Bank ex-CMD, associates

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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.

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