By Admin 
From the country’s capital Delhi to Kolkata, former UCO Bank Chairman and Managing Director (CMD) Subodh Kumar Goel has been arrested in a major action by Enforcement Directorate (ED). Subodh is accused of rigging a company to get a loan of thousands of crores and in return.
What is the whole matter?
According to the ED, Goyal is alleged that when he was the CMD of UCO Bank, he was Concast Steel & Power Ltd. (CSPL) should get a coarse loan to a Kolkata based company. The matter did not remain only paper, the loan amount, ie about 6,210 crores, the company turned around and this money finally went into the wrong hands.
Not only this, the ED claims that Goyal got a “commission” in exchange for this whole game. Cash, property, luxury things, hotel bookings, all these were transported through a network like a network, so that no one would find a clue.
How was it revealed?
In this case, the CBI first registered an FIR and then the ED started its investigation. In April 2025, the locations of Goyal and some others were raided. Then on 16 May, Goyal was arrested from his Delhi house. On May 17, he was produced in the PMLA court in Kolkata, from where he has been sent to the ED custody till 21 May.
Black money white game
According to the ED, whatever money and facilities Goyal got, they were transferred in the name of shell companies and fake people. Its purpose was to hide the real identity of the money. Properties were purchased through these shell companies and the real owners of all of them are Goyal and his family members. Investigations have revealed that in this entire system, an attempt was made to make the scam valid through “layering” i.e. complex transactions.
CSPL’s real game and earlier arrest
Let us tell you, in December 2024, CSPL chief promoter Sanjay Sureka was also arrested by ED. In February 2025, a charge sheet has also been filed against him. So far, ED has attached assets worth 510 crores in this case, these properties are from Sureka and her company.
Also read: No one is rich in this Indian family across Britain, business in 38 countries, property worth more than 3 lakh crores