New Delhi, Oct 11: The Enforcement Directorate (ED) has arrested Ashok Pal, Chief Financial Officer (CFO) of Reliance Power, an Anil Ambani group company, under the Prevention of Money Laundering Act (PMLA).
The arrest, made on Friday, forms part of the ED’s ongoing investigation into the Reliance Group’s alleged involvement in multi crore bank fraud cases. Official sources confirmed that Pal has been taken into custody as the probe intensifies against the group’s financial dealings.
The move highlights the regulatory scrutiny faced by the Anil Ambani-led companies, as authorities continue to examine alleged irregularities in corporate financial transactions.