The Enforcement Directorate (ED) has arrested Ashok Pal, Executive Director and Chief Financial Officer (CFO) of Reliance Power Ltd, for his alleged role in a money laundering case linked to the Anil Ambani Group.

Pal was taken into custody in Delhi late last night after hours of questioning. He is expected to be produced before a special court in the capital, where the agency will seek his custody for further interrogation. Read Also Raj Kundra Cites Demonetisation For Major Business Losses; EOW Records Shilpa Shetty's Statement In...

ED: Pal Played Key Role in Forged Bank Guarantee Scheme

In its official statement, the ED stated that Ashok Pal 'played a crucial role in the diversion of funds from a public-listed company.' The agency claimed that a board resolution had empowered him

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