By Admin 
Reliance Power News: On Friday, the last trading day of the week in the Indian stock market, there was a tremendous rise in the shares of Anil Ambani’s company Reliance Power. A jump of 13 percent was seen in the company’s shares. Now another information related to the company has come to light. Reliance Power Company’s Chief Financial Officer (CFO) Ashok Kumar Pal has been arrested by the Enforcement Directorate (ED).
According to sources, on Friday night, ED arrested Ashol Pal after a long conversation in his office in Delhi. On Saturday, the ED team will present Ashok Pal in Delhi’s Rouse Avenue Court. Where custody remand will be demanded for further investigation. This arrest is said to be related to the case of fake bank guarantee.
What is the reason for ED’s action?
According to India Today, this arrest has been made under the allegations of Ashok Pal’s involvement in a suspected bank guarantee scam of about Rs 68.2 crore. This investigation is being conducted by ED regarding financial irregularities in Reliance Group. Ashok Pal has been arrested on the basis of an FIR lodged in 2024. In which fake guarantee was given to Solar Energy Corporation of India (SECI).
This fake bank guarantee was issued in the name of Anil Ambani’s two companies Reliance NU BESS Limited and Maharashtra Energy Generation Limited. ED has arrested Ashol Pal in this regard. Ashok Pal is also working as Executive Director in Reliance Power. He has been associated with the company for the last 7 years. It is believed that he is one of the people close to Anil Ambani.
Evidence found in investigation
ED’s investigation has revealed that an Odisha company, Biswal Tradelink, is involved in this entire financial mess. According to ED, fake bank guarantee was made from Biswal Tradelink company itself. Company director Partha Sarathi Biswal had taken 8 percent commission for this fake bank guarantee. ED had arrested Parth Sarathi in August 2025.
Besides, ED has also received information that Pal got money transferred through fake transport bills worth crores of rupees. Apps like WhatsApp and Telegram were used to approve these payments. So that its information is not recorded on the company’s official system.
Company’s shares became rockets
Talking about the share price of Reliance Power Company, it was at Rs 2.75 on 9 October 2020. At the same time, on Friday, October 10, 2025, its price had increased to Rs 50.70. The company’s shares have registered a rise of 1670 percent in the last 5 years.
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