The Enforcement Directorate has arrested Ashok Kumar Pal, the chief financial officer of Reliance Power, in connection with a money-laundering investigation into an alleged Rs 3,000 crore bank loan fraud involving firms of the Reliance Anil Dhirubhai Ambani Group, The Indian Express reported on Saturday.

Pal had been summoned by the central agency to its Delhi headquarters and was arrested on Friday, the newspaper quoted an unidentified official as saying. The action was taken after the agency found sufficient grounds to make his arrest, the official added.

On Saturday, a Delhi court sent Pal to two days of ED custody, The Economic Times reported.

Pal is considered to be a close aide of industrialist Anil Ambani, according to reports .

The central law enforcement agency is

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