Sat. Oct 18th, 2025

Enforcement Directorate Arrests Reliance Power Executive in Money Laundering Probe

Enforcement Directorate Arrests Reliance Power Executive in Money Laundering Probe
Enforcement Directorate Arrests Reliance Power Executive in Money Laundering Probe

The Enforcement Directorate (ED) has reportedly arrested Ashok Kumar Pal, identified as the Chief Executive Officer and a former director of Reliance Power. Mr. Pal, also described as an aide to Reliance Group Chairman Anil Ambani, was apprehended in connection with an ongoing money laundering investigation. This case specifically targets Reliance Power and involves accusations of participation in an alleged fake bank guarantees scheme.

Source: https://www.livemint.com/news/india/reliance-group-cfo-ashok-kumar-pal-arrested-by-ed-in-money-laundering-case-anil-ambani-11760153322597.html

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