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Reliance Power CFO arrested in fake bank guarantee case
The New Indian Express Bengaluru
|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.
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