Reliance Power CFO Ashok Kumar Pal was arrested by ED in money laundering case

The Directorate for Enforcement Directorate has arrested Ashok Kumar Pal, a chairman of Reliance Group, Anil Ambani, in connection with a money laundering against Reliance Power, sources said on Saturday. Ashok Kumar Pal is the CEO and a former director of Reliance Power. He was accused of being part of the alleged false bank’s alleged false bank launching. The Anil Ambani assistant was arrested and arrested in accordance with the provisions of the Money Laundry Prevention Act (PMLA), officials said of the day. The arrest stems from an ED investigation against the Anil Ambani group companies, including Reliance Power in a £ 17,000 crore bank fraud case. On Thursday, July 24, 2025, the Enforcement Directorate began its search operations on more than 35 premises in Mumbai and Delhi as part of the agency’s money laundering under the Money Laundry Prevention Act (PMLA) in the Reliance Group of Companies. Several media reports suggested that Ed-controlled raids were on Thursday in connection with an alleged £ 3,000 crore bank loan, involving Anil Ambani-Intered Reliance Group of Companies and Yes Bank. (This is a news release. Look back for updates)