Anil Ambani
The Enforcement Directorate (ED) has arrested Ashok Kumar Pal, CFO of Reliance Power Limited. This arrest has allegedly been made in the fake bank guarantee and fake invoicing case related to Reliance Power. Anil Pal was detained after questioning in Delhi office last night. According to officials, he will be presented before the judge today for remand.
Anil Ambani is facing many financial challenges these days. In such a situation, the arrest of Ashok Pal may prove to be another setback for the company. In recent days, ED had called Anil for questioning. According to ED, loans worth Rs 12,524 crore were given by RHFL and RCFL. Most of these loans were distributed to companies associated with Reliance Anil Ambani Group. Out of this, loans worth Rs 6,931 crore have been declared non-performing assets. According to sources, Ashok was arrested after questioning from his office in Delhi on Thursday night.
The news is updating….