Latest news with #Kolkata-based
Hindustan Times
10 hours ago
- Hindustan Times
‘Power of corruption like a shadow': Orissa HC rejects IAS officer's pre-arrest bail plea
The Orissa High Court on Monday rejected an anticipatory bail petition by senior Indian Administrative Service (IAS) officer Bishnupada Sethi, who is being investigated in connection with a bribery case by the Central Bureau of Investigation, observing that the power of corruption is like a shadow that follows those who wield power. The 1995 batch IAS officer, Bishnupada Sethi, was designated as OSD in December last year after relieving him of his responsibilities Sethi was stripped of his responsibility as principal secretary of Social Security & Empowerment of Persons with Disabilities Department Bishnupada Sethi and appointed as an officer on special duty (OSD) in December 2024 after CBI arrested Chanchal Mukherjee, group general manager of Kolkata-based Bridge and Roof Company, a central public sector enterprise, on charges of taking a ₹10 lakh bribe from a real estate company promising them work orders. Rejecting Sethi's plea for pre-arrest shield, justice V Narasingha said the bench agreed with CBI that the IAS officer's interrogation when it was 'ensconced' by an order of anticipatory bail would be a fruitless exercise in the light of the materials unearthed. 'Sethi enjoys the power of being a senior official of the Indian Administrative Service. On a conspectus of materials on record, whether corruption is his shadow merits probe unhindered and unimpeded by the exceptional remedy of pre-arrest bail,' the court said. The case dates back to December 2024 when the CBI seized ₹10 lakh in cash from a luxury vehicle in Bhubaneswar. The agency arrested Mukherjee who was in the car at the time and was accused of accepting the bribe from the director of a Bhubaneswar-based private firm. Subsequently, two other individuals — Debadutta Mohapatra and Santosh Moharana — were arrested for their suspected roles in facilitating the bribe. The probe soon expanded, and Bishnupada Sethi's name also surfaced, prompting the CBI to conduct a raid at his official residence in Bhubaneswar in February 2025.
Hindustan Times
4 days ago
- Business
- Hindustan Times
ED files chargesheet against ex UCO Bank CMD Goel; attaches ₹106-cr assets
New Delhi, A chargesheet has been filed against arrested former UCO bank CMD Subodh Kumar Goel and his family members, and his properties worth ₹106 crore have been attached under the anti-money laundering, the Enforcement Directorate said on Friday. ED files chargesheet against ex UCO Bank CMD Goel; attaches ₹ 106-cr assets Goel was arrested by the federal probe agency in May from his home in Delhi in an alleged bank loan fraud case of more than ₹6,200 crore linked to a Kolkata-based TMT bars supplying company named Concast Steel & Power Ltd. . He is currently lodged in a Kolkata jail under judicial custody Movable and immovable assets of Goel worth ₹106.36 crore were attached as part of a provisional order issued under the Prevention of Money Laundering Act on July 9, the agency said in a statement. It added that a fresh chargesheet was also filed before a special PMLA court in Kolkata on July 11, and Goel, his family members, close aides and related companies have been named as accused. The former UCO Bank boss was arrested for playing a "substantial" role in sanctioning loans of more than ₹1,460 crore to CSPL, which later on turned into an NPA . "In lieu of sanctioning loans to CSPL, Goel received substantial illegal gratifications in the form of cash, immovable properties, luxury goods and services routed through a web of shell companies," the ED said. Evidence, it alleged, also shows the use of accommodation entries and structured layering through front companies for systematic settlement of kickbacks, it said. A Chartered Accountant named Anant Kumar Agarwal, an alleged close associate of Goel, was also arrested by the agency in June for "facilitating accommodation entries, managing shell entities, and routing illegally acquired cash." Agarwal, too, is lodged in jail at present. With the latest attachment, the total freezing of assets in the case stands at ₹612.71 crore, according to the ED. This article was generated from an automated news agency feed without modifications to text.
Economic Times
4 days ago
- Business
- Economic Times
ED files chargesheet against ex UCO Bank CMD Subodh Kumar Goel; attaches Rs 106-crore assets
A chargesheet has been filed against arrested former UCO bank CMD Subodh Kumar Goel and his family members, and his properties worth Rs 106 crore have been attached under the anti-money laundering, the Enforcement Directorate (ED) said on was arrested by the federal probe agency in May from his home in Delhi in an alleged bank loan fraud case of more than Rs 6,200 crore linked to a Kolkata-based TMT bars supplying company named Concast Steel & Power Ltd. (CSPL).He is currently lodged in a Kolkata jail under judicial custody Movable and immovable assets of Goel worth Rs 106.36 crore were attached as part of a provisional order issued under the Prevention of Money Laundering Act (PMLA) on July 9, the agency said in a statement. It added that a fresh chargesheet was also filed before a special PMLA court in Kolkata on July 11, and Goel, his family members, close aides and related companies have been named as accused. The former UCO Bank boss was arrested for playing a "substantial" role in sanctioning loans of more than Rs 1,460 crore to CSPL, which later on turned into an NPA (non-performing asset)."In lieu of sanctioning loans to CSPL, Goel received substantial illegal gratifications in the form of cash, immovable properties, luxury goods and services routed through a web of shell companies," the ED it alleged, also shows the use of accommodation entries (hawala transactions) and structured layering through front companies for systematic settlement of kickbacks, it said.A Chartered Accountant (CA) named Anant Kumar Agarwal, an alleged close associate of Goel, was also arrested by the agency in June for "facilitating accommodation entries, managing shell entities, and routing illegally acquired cash." Agarwal, too, is lodged in jail at present. With the latest attachment, the total freezing of assets in the case stands at Rs 612.71 crore, according to the ED.
Time of India
4 days ago
- Business
- Time of India
ED files chargesheet against ex UCO Bank CMD Subodh Kumar Goel; attaches Rs 106-crore assets
A chargesheet has been filed against arrested former UCO bank CMD Subodh Kumar Goel and his family members, and his properties worth Rs 106 crore have been attached under the anti-money laundering, the Enforcement Directorate (ED) said on Friday. Goel was arrested by the federal probe agency in May from his home in Delhi in an alleged bank loan fraud case of more than Rs 6,200 crore linked to a Kolkata-based TMT bars supplying company named Concast Steel & Power Ltd. (CSPL). Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Digital Marketing Data Science MCA Cybersecurity Technology healthcare PGDM Design Thinking Data Science others Others Finance Degree Management Artificial Intelligence Project Management Leadership Operations Management Public Policy Healthcare MBA Product Management CXO Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details He is currently lodged in a Kolkata jail under judicial custody by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Movable and immovable assets of Goel worth Rs 106.36 crore were attached as part of a provisional order issued under the Prevention of Money Laundering Act (PMLA) on July 9, the agency said in a statement. It added that a fresh chargesheet was also filed before a special PMLA court in Kolkata on July 11, and Goel, his family members, close aides and related companies have been named as accused. Live Events The former UCO Bank boss was arrested for playing a "substantial" role in sanctioning loans of more than Rs 1,460 crore to CSPL, which later on turned into an NPA (non-performing asset). "In lieu of sanctioning loans to CSPL, Goel received substantial illegal gratifications in the form of cash, immovable properties, luxury goods and services routed through a web of shell companies," the ED said. Evidence, it alleged, also shows the use of accommodation entries (hawala transactions) and structured layering through front companies for systematic settlement of kickbacks, it said. A Chartered Accountant (CA) named Anant Kumar Agarwal, an alleged close associate of Goel, was also arrested by the agency in June for "facilitating accommodation entries, managing shell entities, and routing illegally acquired cash." Agarwal, too, is lodged in jail at present. With the latest attachment, the total freezing of assets in the case stands at Rs 612.71 crore, according to the ED.
News18
4 days ago
- Business
- News18
ED files chargesheet against ex UCO Bank CMD Goel; attaches Rs 106-cr assets
New Delhi, Jul 25 (PTI) A chargesheet has been filed against arrested former UCO bank CMD Subodh Kumar Goel and his family members, and his properties worth Rs 106 crore have been attached under the anti-money laundering, the Enforcement Directorate (ED) said on Friday. Goel was arrested by the federal probe agency in May from his home in Delhi in an alleged bank loan fraud case of more than Rs 6,200 crore linked to a Kolkata-based TMT bars supplying company named Concast Steel & Power Ltd. (CSPL). He is currently lodged in a Kolkata jail under judicial custody Movable and immovable assets of Goel worth Rs 106.36 crore were attached as part of a provisional order issued under the Prevention of Money Laundering Act (PMLA) on July 9, the agency said in a statement. It added that a fresh chargesheet was also filed before a special PMLA court in Kolkata on July 11, and Goel, his family members, close aides and related companies have been named as accused. The former UCO Bank boss was arrested for playing a 'substantial" role in sanctioning loans of more than Rs 1,460 crore to CSPL, which later on turned into an NPA (non-performing asset). 'In lieu of sanctioning loans to CSPL, Goel received substantial illegal gratifications in the form of cash, immovable properties, luxury goods and services routed through a web of shell companies," the ED said. A Chartered Accountant (CA) named Anant Kumar Agarwal, an alleged close associate of Goel, was also arrested by the agency in June for 'facilitating accommodation entries, managing shell entities, and routing illegally acquired cash." Agarwal, too, is lodged in jail at present. With the latest attachment, the total freezing of assets in the case stands at Rs 612.71 crore, according to the ED. PTI NES RHL view comments First Published: July 25, 2025, 18:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
