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Reliance Power CFO arrested in fake bank guarantee case
The Morning Standard
|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.
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.
This story is from the October 12, 2025 edition of The Morning Standard.
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