Key Highlights
- Around 4 crore equity shares of the company changed hands on stock exchanges, significantly higher than its one week average trading volumes of 2 crore shares.
- The Enforcement Directorate on Saturday said it has filed a chargesheet against Anil Ambani’s group company Reliance Power Ltd and 10 others in a money laundering case linked to the issuance of an alleged fake bank guarantee of ₹68 crore for securing a tender.
- The other accused named in the prosecution complaint include former Reliance Power CFO Ashok Kumar Pal, Reliance NU BESS Ltd and Rosa Power Supply Company Ltd (subsidiaries of Reliance Power), Reliance Group executive Punit Narendra Garg and trade financing consultant Amar Nath Dutta.
- According to the agency, Biothane Chemicals Pvt Ltd, Ravinder Pal Singh Chadha and Manoj Bhaiyasaheb, Pongde, are also named as accused.
- This is a supplementary chargesheet and the ED had named an Odisha-based “shell” company Biswal Tradelink Private Limited and its MD Patha Sarathi Biswal in its first chargesheet filed in this case sometime back.