(MENAFN- Live Mint) The Enforcement Directorate has arrested Ashok Kumar Pal, an aide of Reliance Group Chairman Anil Ambani in connection with a money laundering case against Reliance Power, sources said on Saturday.

Ashok Kumar Pal is the Chief Executive Officer and a former director of Reliance Power. He has been accused of being part of the company's alleged fake bank guarantees money laundering case.

The Anil Ambani aide has been arrested and taken into custody under provisions of the Prevention of Money Laundering Act (PMLA), officials said on the day.

The arrest stems from an ED investigation against the Anil Ambani group of companies including Reliance Power in a ₹17,000 crore bank fraud case.

The Enforcement Directorate started its search operations at more than 35 premises across Mumbai and Delhi on Thursday, 24 July 2025, as part of the agency's money laundering investigation under the Prevention of Money Laundering Act (PMLA) into the Reliance Group of Companies.

Multiple media reports suggested that ED-conducted raids on Thursday were in connection with an alleged ₹3,000-crore bank loan fraud involving Anil Ambani-owned Reliance Group of Companies and Yes Bank.

(This is a breaking news story. Check back for updates)

MENAFN11102025007365015876ID1110180759