11
Oct
New Delhi (Rajeev Sharma): The Enforcement Directorate (ED) has arrested Ashok Pal, Chief Financial Officer of Reliance Power, in connection with an ongoing investigation into a suspected money laundering case involving a bogus bank guarantee worth Rs 68.2 crore. The arrest took place on Friday night following a detailed questioning session. ED officials confirmed that Pal was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA). He is expected to be produced before a special court on Saturday, where the agency will request his remand for further interrogation. The case concerns a bank guarantee allegedly submitted…