The Directorate for enforcement of the right was arrested by Ashok Kumar Pal, assistant to the Reliance of the Anil Ambani group in connection with the case of money laundering against Reliance Power, the officials said on Saturday HT Media.
Ashok Kumar Pal is the CFO and former director of Reliance Power. He was accused of being part of the alleged false bank of the company, guaranteeing the case of money washing.
CFO Reliance Power was arrested and taken into custody on the basis of the provisions of the Act on the Prevention of Money washing (PMLA), the officials said on the day.
Arrests stem from ED investigation against the group Anil Ambani, including Reliance Power Va £17,000 cases of fraud with the crore bank.
Ed raids
The Directorate for enforcement of the right began its search operations in more than 35 premises throughout the Mumbai and Delhi on Thursday, July 24, 2025, as part of the investigation of money laundering under the Money Washing Act (PMLA) into a reliance group of companies.
Several media reports indicated that on Thursday raids were on ED on Thursday in connection with the alleged £3,000 banking loans, including the Reliance Group of Companies and Yes Bank.
Preliminary investigation reveals an illegal diversion of a loan in the vicinity £3,000 crore from YES Bank (2017 to 2019).
Ed said he found out that “just before the loan was provided by Bank Bank promoters in their concern.
Officials stated that these loans were further diverted to many companies and Shell companies.
It was also informed that “the Indian Securities and Exchange Council (SEBI) also learned to share their findings with ED in the case of RHFL.”
“A dramatic increase in corporate loans RHFL, from £3 742.60 Crore in the 2017-18 financial year £8 670.80 crore in the financial year 2018-19 is also under ED lentils. Irregular and accelerated approval questions have been found, procedural deviations of many other illegality, ”the officials added.
Who is Pal Ashok Kumar?
According to the Reliance Power website, Ashok Kumar Pal CFO is a company and a qualified authorized accountant with extensive practical experience with over 25 years.
Ashok Kumar Pal has been with Reliance Power for nearly eight years and has joined at the time the alleged money laundering operations began.
He joined Reliance Power as a representative of the CEO and has since held various roles in society. PAL is also the Executive Director of the Company according to its LinkedIn profile.
(Tagstotranslate) Ed arrest
