New Delhi, June 22 (IANS)The Central Bureau of Investigation (CBI) has arrested Reliance Commercial Finance Limited’s (RCFL) former Director and Chief Executive Officer Devang Mody, and Reliance Home Finance Limited’s (RHFL) former Executive Director and Chief Executive Officer Ravindra Sudhalkar, in connection with the ongoing investigation into the Anil Ambani-run Reliance ADA Group cases, the investigative agency announced on Monday.The investigation has revealed that the accused persons dive…
Latest Reliance Power Ltd News & Updates
New Delhi, April 21 (IANS) The Economic Offences Wing of Delhi Police has arrested the Chief Financial Officer (CFO) of Anil Ambani-controlled Reliance Power Ltd and two other accomplices for duping Solar Energy Corporation of India (SECI) by using forged bank guarantees to secure tenders, according to a statement issued by the police on Tuesday. Ashok Kumar Pal, the 50-year-old CFO of Reliance Power Ltd, Partha Sarthi Biswal, managing director, Biswal Tradelink Pvt. Ltd of Odisha and Amarnat…
Mumbai, March 6 (IANS) The Directorate of Enforcement (ED) on Friday conducted a series of raids on various businesses and individuals associated with industrialist Anil Ambani and Reliance Power Ltd.According to agency sources, the coordinated raids were underway at 10 to 12 locations across the financial capital.A team of approximately 15 specialised ED units initiated the searches in the early hours, focused on the registered offices and residential premises of people related to the power uti…