In the latest development in the Anil Ambani-led Reliance Group bank fraud saga, the Enforcement Directorate has arrested Ashok Kumar Pal , Executive Director and Chief Financial Officer (CFO) of Reliance Power, on charges of alleged loan fraud. The agency has received 2-day custody of the company executive.

The arrest of a senior executive of Anil Ambani-led Reliance Group comes after a months-long high-voltage drama of bankruptcy, loan fraud allegations, ED and CBI raids and more.

Meanwhile, Reliance Power and Reliance Infrastructure have repeatedly maintained that the raids by ED and CBI in connection with Reliance Communications and Anil Ambani have no impact on their businesses.

Here is a completed timeline of the developments in fraud allegations involving the Reliance G

See Full Page