New Delhi [India], October 11 (ANI): Reliance Power has informed stock exchanges that Ashok Kumar Pal, Executive Director and Chief Financial Officer(CFO) of the Company, who was arrested by ED on the night of October 10 under PMLA, has demitted the office with immediate effect pending investigation.

"We refer to our disclosure dated November 7, 2024 and November 14, 2024 whereby we have informed that the Company had lodged a criminal complaint in the matter of alleged fake endorsement of bank guarantee against EMD (issued by foreign bank), which was arranged by third party, with Economic Offence Wing of Delhi Police against the third party on October 16, 2024, basis on which First Information Report (FIR) has been registered on November 11, 2024," the filing said.

It said the Company an

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