ED makes 3rd arrest in case linked to Anil Ambani group

THE ENFORCEMENT DIRECTORATE (ED) has arrested Amar Nath Dutta, marking the third arrest in a money laundering investigation involving Reliance Power, an Anil Dhirubhai Ambani (ADA) Group company.

- FE BUREAU

The case revolves around a fraudulent bank guarantee worth over %68 crore issued to the Solar Energy Corporation of India (SECI) on behalf of Reliance NU BESS, a subsidiary of Reliance Power, officials said.

The agency said SECI suffered a loss of over 100 crore due to fraudulent bank guarantees submitted by Reliance Power subsidiary.