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The Enforecement Directorate arrested former chairman and managing director of UCO Bank Subodh Kumar Goel on Friday in relation to a bank fraud case of Concast Steel & Power Ltd., in which INR 62.11 billion was siphoned off, the probe agency said in a release Monday. Goel was taken into custody from his residence, under the Prevention of Money Laundering Act, 2002. He was produced before a special PMLA court in Kolkata on Saturday which sent him to Enforecement Directorate's custody till Wednesday, the agency said.
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