Anil Ambani's Reliance Group CFO arrested on money laundering charges

New Delhi: The Enforcement Directorate (ED) has arrested an executive of businessman Anil Ambani's Reliance Group under the anti-money laundering law, official sources said on Saturday.

Ashok Pal, Chief Financial Officer (CFO) of Reliance Power, was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) on Friday, they said.

The ED is investigating the Anil Ambani group of companies in connection with multi-crore bank "fraud" cases.