Reliance Power has issued a clarification regarding the recent provisional attachment of assets by the Enforcement Directorate (ED) amounting to Rs 10,117 crore, in connection with alleged violations of the Prevention of Money Laundering Act (PMLA).

The company emphasized that a substantial portion of the attachment — Rs 8,078 crore — is linked to Reliance Communications Limited, a company that has not been part of the Reliance Group since 2019, more than six years ago. Reliance Communications has been under the Corporate Insolvency Resolution Process (CIRP), and its operations are currently managed by a Resolution Professional under the supervision of the National Company Law Tribunal (NCLT) and its Committee of Creditors, led by the State Bank of India (SBI) and a consortium of lenders.

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