The Enforcement Directorate (ED) has arrested Ashok Pal, the Chief Financial Officer (CFO) of Reliance Power, in a money laundering case linked to an alleged fake bank guarantee worth Rs 68.2 crore. Official sources confirmed the arrest on Saturday.

According to the news agency PTI, Pal was taken into custody on Friday night under the Prevention of Money Laundering Act (PMLA) after being questioned by ED officials. He will be produced before a special court, where the agency is expected to seek his custodial remand.