ED chargesheet against Reliance Power for bogus bank guarantee
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The Enforcement Directorate (ED) has filed a supplementary chargesheet against Reliance Power Limited for allegedly submitting a bogus bank guarantee of ₹68.2 cr to the Solar Energy Corporation of India (SECI). This follows a complaint by SECI and a probe initiated by Delhi Police’s Economic Offence Wing.
This development may impact investor sentiment towards Reliance Power, as regulatory scrutiny intensifies in the renewable energy sector. ⚡
Not investment advice. For informational purposes only.