Last Updated: October 31, 2026

Dainik Savera Times Logo

  • Tag: fake bank guarantee scam

    ED Arrests Reliance Power CFO in ₹68 Crore Fake Bank Guarantee Scam

    New Delhi: On Friday, October 10, 2025, the Enforcement Directorate (ED) arrested Ashok Kumar Pal, the Chief Financial Officer (CFO) of Reliance Power, a major energy company under Anil Ambani’s Reliance Group, in a high-profile financial fraud case. The arrest took place in Delhi after hours of questioning, and Pal is set to appear in.