ED arrests Reliance Power CFO over Rs 68 crore fake bank guarantee
The Enforcement Directorate (ED) arrested Ashok Kumar Pal, CFO of Reliance Power, in a money laundering probe linked to a purported Rs 68.2 crore fake bank guarantee submitted to SECI. Reliance Power said the company and its subsidiaries were victims of fraud and forgery. The firm confirmed Pal has stepped down to assist the probe and noted that Anil D. Ambani has not been on the board for over three years and is not connected…