Reliance Power receives ED seizure notice over ₹2,027 crore Sasan shares
- Reliance Power disclosed an Enforcement Directorate ED seizure order covering ₹2,027 crore in Sasan Power shares on October 13.
- The order also covers ₹6.16 crore in bank balances over alleged violations of foreign exchange laws.
- The case concerns foreign bonds issued in 2006 and investments made in a Singapore subsidiary in 2008.
- Reliance Power denied wrongdoing, saying the seizure is provisional and no penalty has been imposed.
Source: ndtvprofit.com
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