The Enforcement Directorate has filed a chargesheet against Reliance Power Ltd and 10 others in a Rs 68 crore fake bank guarantee case linked to a SECI tender. The ED alleges Reliance officials used fraudulent endorsements and spoofed emails, while the group claims it is a victim of fraud. Several accused remain in custody

The co-accused named in the prosecution complaint include former Reliance Power CFO Ashok Kumar Pal, Reliance NU BESS Ltd. and Rosa Power Supply Company Ltd. (subsidiaries of Reliance Power), Reliance Group executive Punit Narendra Garg, an Odisha-based "shell" company Biswal Tradelink Private Limited, its MD Patha Sarathi Biswal and trade financing consultant Amar Nath Dutta, reported the PTI.

As per the Enforcement Directorate, Biothane Chemicals Pvt. Ltd., Ravinde

See Full Page