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Reliance Power CFO arrested in fake bank guarantee case

The New Indian Express Bhubaneswar

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October 12, 2025

IN a fresh setback to industrialist Anil Ambani, the Enforcement Directorate (ED) has arrested the chief financial officer of Reliance Power in a money laundering case linked to issuance of an alleged fake bank guarantee of ₹68 crore.

- ENS ECONOMIC BUREAU @ New Delhi

Reliance Power CFO arrested in fake bank guarantee case

CFO Ashok Pal was taken into custody on Friday night under the provisions of the Prevention of Money Laundering Act (PMLA) after he was questioned by the agency, they said.

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