Ex-Reliance Power CFO Ashok Pal sent to judicial custody; court reserves order till October 18

Former Reliance Power CFO Ashok Pal has been sent to judicial custody. He was arrested by the Enforcement Directorate in connection with a bank guarantee case. Pal resigned from his position shortly after his arrest. The investigation involves a ₹17,000 crore loan fraud. Reliance Power stated it is a victim of fraud and is cooperating with the probe.