ED searches homes of former NSIC, Union Bank of India officers in Rs 173 crore bank fraud case 

The ED conducted searches on the residential premises of NSIC officers and former employees of erstwhile United Bank of India in a fraud case.

The Enforcement Directorate (ED) seized fixed deposits worth Rs 1.04 crore after conducting searches at the residential premises of National Small Industries Corporation (NSIC) officers and former employees of erstwhile United Bank of India in a fraud case, officials said.

Searches were conducted at the residential premises of Manik Lal Das (the then Zonal and Deputy General Manager of NSIC), Gopinath Bhattacharya (the then DGM of NSIC), Jayanta Das (the then Marketing Manager of NSIC), Manik Mohan Mishra (the then Manager, UBI) & Pradeep Kumar Gangopadhyay (the then Manager of UBI).