ED Seizes Over ₹2,000 Crore Assets of Reliance Power
The Enforcement Directorate (ED) has seized Indian assets worth ₹2,033 crore belonging to Reliance Power Ltd under the Foreign Exchange Management Act (FEMA). The assets include bank balances and shareholding in Sasan Power Limited. The seizure relates to alleged siphoning of funds to tax havens in the British Virgin Islands and Cayman Islands. ED's probe follows findings by SEBI regarding ₹2,101 crore write-offs linked to overseas investments.
ET Energy Power·



