Archive · 9 Nov 2025
Reliance Power Denies Link to Arrested Individual, Cites Fraud
Imagine a company called Reliance Power.
Recently, someone named Amar Nath Datta was arrested by a government agency called the ED.
The reason for the arrest was something about fake bank documents.
Reliance Power wants to make sure everyone knows that this arrested person has absolutely nothing to do with their company.
They said that they didn't know about any fake documents and were actually tricked by someone else.
They also mentioned that their chairman, Anil Ambani, isn't involved with the company's board anymore.
Reliance Power wants to reassure everyone that this arrest won't affect their business or any of their workers.
Reliance Power stated that Amar Nath Datta, arrested by the Enforcement Directorate (ED), has no connection to the company.
The company clarified that it, its subsidiary Reliance NU BESS Ltd., and employees are victims of fraud, forgery, and cheating.
The ED arrested Dutta in connection with alleged fake bank guarantees.
Reliance Power emphasized that this development has no impact on its business operations, financial performance, or stakeholders.
The company also addressed media reports, stating that Anil Ambani has not been on the board for over three and a half years.
- Who
- Reliance Power Limited, Amar Nath Datta, Enforcement Directorate (ED)
- What
- Reliance Power clarified that Amar Nath Datta, arrested by the ED for alleged fake bank guarantees, has no connection to the company, which claims to be a victim of fraud.
- When
- Saturday, November 9, 2024 (company filing date)
- Where
- India
- Why
- To address media reports and clarify the company's position following the arrest of Amar Nath Datta by the ED.
Reliance Power's Clarification
Enforcement Directorate's Action
Connection of Amar Nath Datta
Reliance Power's Clarification
Amar Nath Datta has no connection with Reliance Power.
Enforcement Directorate's Action
Amar Nath Datta was arrested by the ED in connection with alleged fake bank guarantees.
Company's Role
Reliance Power's Clarification
Reliance Power and its subsidiary acted bonafidely and are victims of fraud, forgery, and cheating.
Enforcement Directorate's Action
The ED arrested Datta in a case involving alleged fake bank guarantees, implying a direct link or involvement under investigation.
Anil Ambani's Involvement
Reliance Power's Clarification
Anil Ambani has not been on the Reliance Power board for over three and a half years, and media incorrectly referenced him.
Enforcement Directorate's Action
Media reports incorrectly referenced Anil Ambani in connection with the case.
- Company
- Reliance Power Limited
- Arrested Individual
- Amar Nath Datta
- Investigating Agency
- Enforcement Directorate (ED)
- Allegation
- Fake bank guarantees
- Company's Stance
- Victims of fraud, forgery, and cheating; no impact on business.
- Anil Ambani's Status
- Not on the board for over 3.5 years.
