Arrested ex-UCO Bank chief got illegal gratification in loan fraud case, says ED

Kolkata, May 19 (IANS) Subodh Kumar Goel, the former chairman and managing director (CMD) of Kolkata-headquartered public sector commercial bank, UCO Bank, who was arrested by Enforcement Directorate (ED) last week, received “illegal gratification” from a corporate entity which was the principal beneficiary in a bank loan forgery case. The ED issued a statement on…

When Pol Pot Read a Book on Marx

Recent polling reveals a startling development: one in four young people has a positive view of communism as an economic system.  One in four is, by chance, around the same percentage of Cambodians who were murdered by the Khmer Rouge government’s policies of political torture, arbitrary execution, forced labor, mass resettlement, and brutal, intentional starvation…

China’s industrial output, retail sales dip amid US trade tensions | International Trade News

Despite slowdown, data points to reliance of Chinese economy in the face of Donald Trump’s tariffs. China’s industrial output and retail sales growth have slowed amid trade tensions with the United States. Factory output grew 6.1 percent year-on-year in April, down from a 7.7 percent rise in March, data released by China’s National Bureau of Statistics showed…

Arrested ex-UCO Bank chief got illegal gratification in loan fraud case, says ED

Kolkata, May 19 (IANS) Subodh Kumar Goel, the former chairman and managing director (CMD) of Kolkata-headquartered public sector commercial bank, UCO Bank, who was arrested by Enforcement Directorate (ED) last week, received “illegal gratification” from a corporate entity which was the principal beneficiary in a bank loan forgery case. The ED issued a statement on…