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Delhi: Patiala House Court remands Ashok Kumar Pal to judicial custody in Reliance Energy fake bank guarantee case
New Delhi [India], October 16 (ANI): Delhi's Patiala House Court on Thursday remanded Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power Limited (RPL), to judicial custody in connection with the alleged fake bank guarantee and money laundering case being probed by the Enforcement Directorate (ED). Pal was produced before Special Judge Kiran Gupta after the conclusion of his th
cityfalcon.com·7h ago
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Top Gainers & Losers on Oct 13: BLS International, Reliance Power, Redington, Vodafone Idea among top losers today
Indian equities closed with minor losses on October 13, recovering in the second half. The Nifty 50 fell 0.23% to 25,227, while the Sensex lost 0.21% to 82,327. Broader markets were mixed, with Nifty PSU Bank gaining 0.24% and Nifty FMCG dropping 0.90%.
cityfalcon.com·3d ago
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Reliance Power CFO resigns after arrest by ED in bank fraud case
New Delhi [India], October 11 (ANI): Reliance Power has informed stock exchanges that Ashok Kumar Pal, Executive Director and Chief Financial Officer(CFO) of the Company, who was arrested by ED on the night of October 10 under PMLA, has demitted the office with immediate effect pending investigation. 'We refer to our disclosure dated November 7, 2024 and November 14, 2024 whereby we have informed that the Compan
cityfalcon.com·5d ago
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Special Judge grants 2-day ED custody of Reliance Power CFO in fake bank guarantee case
New Delhi [India], October 11 (ANI): The Special Judge granted two days' custody of Ashok Kumar Pal, CFO and Executive Director of Reliance Industries, to the ED. He has been arrested in a case involving a fake bank guarantee. He was produced at the residence of the Special Judge by the ED. Special Judge Kiran Gupta granted 2 days' custody of Ashok Kumar Pal to the Enforcement Directorate (ED). Pal is to be produ
cityfalcon.com·5d ago
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ED gets 2-day custody of Reliance Power CFO Ashok Kumar Pal in fake bank guarantee and invoicing case
New Delhi [India], October 11 (ANI): A Delhi court has granted the Enforcement Directorate (ED) two-day custody of Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power, in connection with a case involving alleged fake bank guarantees and invoicing. Special Judge Kiran Gupta granted two days' custody of Ashok Kumar Pal to the Enforcement Directorate (ED). Pal is to be produced in
cityfalcon.com·5d ago

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