Reliance Power Says ED Arrest Unrelated to Company Operations

Reliance Power Ltd. said Saturday that Amar Nath Dutta, who was arrested by the Enforcement Directorate in connection with a fake bank guarantee case, has no association with the company. The company clarified that the matter has no impact on its business operations, financials, employees, shareholders, or stakeholders.

Reliance Power said its subsidiary, Reliance NU BESS Ltd., and its employees acted in good faith and were victims of fraud, forgery, and a cheating conspiracy.

The company also said certain media reports incorrectly linked Anil Ambani to the case, noting that he has not been on Reliance Power’s board for over three-and-a-half years.