New Delhi: The Chief Financial Officer (CFO) of Reliance Power, Ashok Kumal Pal has been arrested in the fake bank guarantee case involving, reports said on Saturday.
“Pal is expected to be produced before a special judge, where ED is expected to be appeal for his custody for interrogation. Pal has been the Chief Financial Officer of RPower since January 29, 2023.
The Enforcement Directorate (ED) arrested Pal under the Prevention of Money Laundering Act. The central probe agency is investigating a suspected loan fraud by Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd.