Reliance Power Ltd, on Saturday, informed that Ashok Pal has resigned from his position as Executive Director and Chief Financial Officer (CFO) with immediate effect. The resignation follows his arrest by the Enforcement Directorate (ED) the previous night. On the night of October 10, 2025, industrialist Anil Ambani's group company’s senior executive Pal was arrested under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, linked to the issuance of an alleged fake bank guarantee of Rs 68 crore. His resignation is intended to facilitate the ongoing investigation. The company referred to its earlier filings (November 7 and November 14, 2024) regarding a criminal complaint lodged with the Economic Offence Wing of Delhi Police regarding an alleged fake endorsement of

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