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Delhi HC refuses bail to ex-CFO of Reliance Power in money laundering case
The Delhi High Court has refused to grant regular bail to the former Chief Financial Officer of Reliance Power Limited in a money laundering case linked to the issuance of an alleged fake bank guarantee of Rs 68 crore. Justice Madhu Jain dismissed the bail plea by Ashok Kumar Pal on Wednesday, stating that no ground was made out to give him reprieve in the case probed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act. Considering the allegations and the material b…
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