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ED seizes assets worth over ₹2,000 crore linked to Reliance Power Ltd. under FEMA

Deposits were used as collateral for loans extended to entities incorporated in the British Virgin Islands, which were controlled and managed from India by the Reliance Anil Ambani Group through front persons, the ED says

ED seizes assets worth over ₹2,000 crore linked to Reliance Power Ltd. under FEMA

We haven't written up this one. The Hindu has the full story — the link below goes straight to it.

Read the original at thehindu.com →

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