Legal17 Aug 2026, 11:00 pm
Reliance Power Subsidiary Receives Pre-Cognizance Notice in ₹715 Cr PMLA Case
AI Summary
Reliance Power Ltd and its subsidiary Reliance CleanGen Limited have received a Pre-Cognizance notice under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023. This notice pertains to a complaint filed by the Enforcement Directorate (ED) for an alleged amount of approximately ₹715 crore under sections 3 and 4 of the Prevention of Money Laundering Act (PMLA). The case involves Reliance Home Finance Limited & Others. The company is currently assessing the expected financial implications and plans to take appropriate legal steps to protect its interests.
Key Highlights
- Reliance Power and subsidiary named as proposed accused in ED complaint.
- Alleged amount involved is approximately ₹715 crore under PMLA.
- Company received a Pre-Cognizance notice from Special Judge, CBI.
- Financial implications are currently unascertainable.
- Company will take legal steps to safeguard its interests.
Price Impact
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