New Delhi: The Enforcement Directorate Friday arrested the Chief Financial Officer of Reliance Power, a group company of the Reliance Group controlled by businessman Anil Ambani.

The accused, named Ashok Kumar Pal, was arrested as part of a money laundering probe related to the submission of fake bank guarantees to Solar Energy Corporation of India Limited, a government of India enterprise in the tendering process.

Pal was arrested after questioning at the agency’s headquarters Friday evening and was produced before a Special CBI judge in Delhi on Saturday. The court granted the agency custody for two days. Show Full Article

The agency’s money laundering charges stem from a case filed by the Delhi Police Economic Offences Wing in November last year, based on a complaint from Reliance N

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