The Enforcement Directorate (ED) officials have nabbed the previous chairman & managing director of Kolkata- based public sector commercial bank, UCO Bank, Subodh Kumar Goal in connection with the multi- crore bank loan forgery case against the chairman & managing director of Concast Group, an official announced on Saturday.
He was apprehended at New Delhi on Friday and was produced in transit remand to Kolkata on Saturday and produced before a special court in the city.
The key allegations against Concast Steel are that the company borrowed bank loans of approximately Rs 1,400 crore from UCO Bank and, thereafter, rather than investing the funds towards the purpose for which the loan had been advanced, channeled the same to various shell companies.
The key allegations against Goel is that the authorities of Concast Steel committed this forgery in collusion with the ex-chairman & managing director of UCO Bank. Goel himself was a financial beneficiary, as per ED, in all this swindling of money.
To refresh your memory, in February this year, ED reported that their officials of the Kolkata office provisionally attached immovable assets of Rs. 210.07 crore on January 31, 2025, belonging to Sanjay Kumar Sureka, chairman and managing director of Concast Group, the proprietor of Concast Steel & Private Limited.
Earlier last month in December, the ED officials accompanied by the central armed forces personnel (CAPF) carried out a marathon search and raid operation at the flat of Surekha at Ballygunge in South Kolkata in relation to the bank loan forgery case.
After that raid and search operations, cash amounting Rs 2 crore, jewellery amounting Rs 4.5 crore and two high-end cars were confiscated by the ED officials from his house. Surekha was also arrested by the Ed sleuths at that given time.
According to ED calculation, the overall bank loan fraud amount, including the one against UCO Bank, runs to the extent of Rs 6,000 crore. Charges were also made against Surekha of utilizing bank accounts whose names were registered in the name of the employees and business partners of the aforementioned corporate entity to obtain