Reliance Power CFO Ashok Kumar Pal was arrested, and the Enforcement Directorate secured a two-day custody to probe alleged fake bank guarantees and invoicing. The investigation targets financial irregularities linked to his role as CFO and Executive Director.
SECI banned Reliance Power and Reliance NU BESS from its tenders for three years due to alleged submission of fake documents in a June 1,000 MW/2000 MWh BESS project tender. The Delhi High Court granted a stay on the ban, allowing Reliance Power to challenge the decision, while SECI faces scrutiny over its processes.
