The Directorate of Enforcement (ED) has arrested Subodh Kumar Goel, former Chairman and Managing Director of UCO Bank, from his residence in New Delhi on May 16 in link with the with a massive Rs 6210 crore from his residence.
The investigation into the matter is ongoing under the Prevention of Money Laundering Act (PMLA), 2002, involving M/s Concast Steel & Power Limited (CSPL) and others.