ED makes third arrest in Reliance Power money laundering probe

The Enforcement Directorate (ED) has made a third arrest in its money laundering probe involving Reliance Power, part of Anil Ambani’s Reliance Group. The case pertains to an alleged fake bank guarantee worth Rs 68 crore.

According to the ED, Kolkata resident Amar Nath Dutta was taken into custody under the Prevention of Money Laundering Act (PMLA).  

Earlier, the agency had arrested former Reliance Power Chief Financial Officer Ashok Kumar Pal and Partha Sarathi Biswal, Managing Director of Odisha-based Biswal Tradelink, in connection with the same case.

The development follows the ED’s November 4 announcement that it had frozen assets worth over Rs 7,500 crore connected to Anil Ambani and his companies. These include offices, residential properties, and more than 132 acres of land. The enforcement action is part of a wider investigation into alleged financial irregularities involving group entities.