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Another name has been added to the list of bank heads going to jail with the arrest of former UCO Bank CMD.
New Delhi:
Another big action has been done regarding bank fraud. Former UCO Bank chairman and MD Subodh Kumar Goel has been arrested by the Enforcement Directorate (ED). He was arrested on 16 May from his house in Delhi. The arrest has been made in the case of loan scam of more than Rs 6200 crore, which is associated with Kolkata company Concast Steel and Power Limited (CSPL).
Big action in money laundering case
According to the ED, this arrest has been made in the case of money laundering. Goyal is alleged to have unnecessarily benefited some companies and helped in the rigging of loan money received from banks.
Many big bank officers have been arrested earlier also
Even before Subodh Goyal, many big bank officials have gone to jail. Let us tell you how people sitting in high positions in government and private banks are also getting caught in scams by ignoring the rules. Actions related to these cases also affect the trusted of the general public and banking system.
- The CBI arrested the CBI on 23 December 2022 in the case of a loan given to Videocon to Videocon, a former CEO of ICICI Bank and her husband Deepak Kochhar. However, in January 2023, the Bombay High Court granted him bail, calling his arrest wrong. The CBI has challenged this decision in the Supreme Court.
- The former MD of Yes Bank and CEO Rana Kapoor was arrested by ED in 2020. He was accused of money laundering related to DHFL Loan Scam, Avanta Group and Ezeego1 Travels. Kapoor stayed in jail for four years, then he got bail from a special court.
- Former IDBI Bank Chairman Yogesh Aggarwal and Deputy MD BK Batra also came under investigation in 2017 over the loan given to Kingfisher Airlines. The High Court granted him bail after two months.
- SK Jain, chairman and MD of Syndicate Bank, was arrested by CBI in 2014. He was accused that he increased the loan limit of companies related to coal scam by taking a bribe of Rs 50 lakh. Two cases were registered against him.
(Tagstotranslate) UCO Bank Fraud (T) Subodh Goel Arrest (T) Bank CMD Arrested (T) Loan Scam India (T) Ed Ade Action Bank Fraud (T) Rana Kapoor Case (T) Rana Kapoor Case (T) Chanda Kochhar Fraud scam news
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