Delhi, 11 October (H.S.): The Enforcement Directorate (ED) has arrested Ashok Pal, Chief Financial Officer (CFO) of Reliance Power, a company under Anil Ambani’s Reliance Group, in connection with an ongoing money laundering probe, officials said on Saturday.

Pal was taken into custody on Friday under the provisions of the Prevention of Money Laundering Act (PMLA). The case pertains to alleged multi-crore bank frauds linked to companies under the Anil Ambani-led Reliance Group.

The ED has been probing multiple group entities over financial irregularities and alleged diversion of bank loans. Further details on the arrest and investigation are awaited.

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Hindusthan Samachar / Jun Sarkar