The Enforcement Directorate (ED) arrested Ashok Pal, Chief Financial Officer (CFO) of Reliance Power, on Friday (October 10, 2025) night after questioning at Delhi office in a case of alleged fake bank guarantee of ₹68 crore. He will be produced before judge at 9.30 a.m., said ED source

Mr. Pal is the Chief Financial Officer of Reliance Power Limited (RPL), a listed company in which public holds more than 75% shares.

The accused played a crucial role in “diversion of funds” from a public listed company, the agency has alleged.

The company’s board resolution had empowered him and others to finalise, approve, sign, and execute all documents for Solar Energy Corporation of India’s Battery Energy Storage System tenders, and to use RPL’s financial capability for the bid, it alleged.

The ED

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