*ED Arrests UCO Bank Former MD in Kolkata for Rs.1,400 Crore Bank Loan Scam* The Enforcement Directorate (ED) has arrested Subodh Kumar Goyal, former Chairman and Managing Director of UCO Bank, in connection with a ₹1,400 crore bank loan fraud. The arrest took place in New Delhi, and Goyal was later brought to Kolkata on transit remand. The case centers around Kancast Steel, a company that allegedly diverted a ₹1,400 crore loan obtained from UCO Bank to fake companies instead of using it for legitimate business purposes. Investigators believe Goyal played a key role in the fraud and benefited financially from the scam, in collusion with Kancast Steel officials. The ED has already taken action against Kancast Group owner Sanjay Kumar Surekha, seizing properties worth ₹210 crore and recovering ₹2 crore in cash and ₹4.5 crore in jewellery during a raid last December. Surekha was also arrested earlier this year. The investigation is ongoing, with authorities aiming to uncover the full extent of the fraud and hold all involved accountable.