The Reliance Power SECI tender case has escalated after the Delhi Police Economic Offences Wing arrested three individuals, including CFO Ashok Kumar Pal, over alleged forged bank guarantees worth ₹136 crore. The case relates to a tender issued by the Solar Energy Corporation of India. Investigators claim fake documents and email trails were used to support the guarantees, which were later disputed by banks. Authorities are examining financial records and possible intermediaries. The allegations remain under investigation, and no court has determined guilt at this stage.

Reliance Power SECI tender case update: Delhi Police EOW arrests CFO Ashok Kumar Pal and two others over alleged forged guarantees

Delhi Police Economic Offences Wing has arrested Reliance Power CFO Ashok Kumar Pal and two others in a case involving alleged fake bank guarantees worth ₹136 crore linked to a SECI tender.

The Reliance Power SECI tender case has drawn attention after the Economic Offences Wing of Delhi Police arrested three individuals over alleged forged guarantees.

Those arrested were identified as Ashok Kumar Pal, Partha Sarthi Biswal, and Amarnath Dutta.

Police said the arrests took place on April 15, and the accused were remanded to custody until April 23, 2026.

The allegations concern purported forged bank guarantees allegedly used to secure a tender floated by Solar Energy Corporation of India.

What Delhi Police allege in the Reliance Power case

According to investigators, the case involves Reliance NU BESS Ltd, which allegedly submitted two guarantees worth ₹68.20 crore each.

Police alleged those documents were presented as having been issued by foreign banking institutions during the SECI bidding process.

The complaint was reportedly filed on June 24, 2025, by Biblesh Meena.

Following the complaint, authorities registered offences under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.

No court has determined guilt, and all allegations remain subject to investigation and judicial proceedings.

Foreign banks and SBI confirmations cited by investigators

Delhi Police said the guarantees were shown as originating from ACE Investment Bank and FirstRand Bank Ltd.

Investigators further alleged that fake email chains were created to make the guarantees appear genuine before the tendering authority.

Police also claimed that fabricated Structured Financial Messaging System confirmations were produced in the name of the State Bank of India.

Authorities stated SBI later denied issuing any such confirmations connected to the questioned documents.

These allegations have not yet been tested in a trial court.

Role attributed to Ashok Kumar Pal, Biswal and Dutta

Police alleged senior functionaries, including Ashok Kumar Pal, conspired with intermediaries to procure forged guarantees for use in the tender process.

Subodh Kumar Goswami was quoted in reports stating Pal conspired with co-accused persons.

Investigators said Partha Sarthi Biswal acted through Biswal Tradelink Pvt Ltd as an intermediary in the alleged arrangement.

Amarnath Dutta was described by police as a middleman who allegedly coordinated elements of the transaction.

Background of the accused and wider probe

Police stated Ashok Kumar Pal is a chartered accountant associated with the Reliance Anil Dhirubhai Ambani Group since 2018.

Authorities said a Special Investigation Team was formed under DCP Goswami to examine the matter and identify additional participants.

Investigators are also tracing the alleged money trail and any possible beneficiaries linked to the questioned guarantees.

Sprouts News notes that corporate tender fraud cases often expand as digital records and financial communications are reviewed.

What happens next

The accused may seek legal remedies, including bail, while police continue custodial interrogation and document verification.

If sufficient evidence is found, a chargesheet may be filed before the competent court after completion of the investigation.

The Reliance Power SECI tender case is likely to remain under scrutiny given its links to public procurement, renewable energy, and financial compliance.

Readers’ Appeal

Unmesh Gujarathi is an investigative and senior journalist based in Mumbai. Readers with credible documents, evidence, corruption leads, fraud information, or public-interest material may confidentially share details with the team at 9322755098. Genuine sources will be handled responsibly and reviewed with due verification.

Editorial Note:

This article is based on publicly available FIR records, court case references, and reports published by multiple media organisations. The information is presented in the context of ongoing investigations and public interest reporting. Sprouts News does not make any judicial determination regarding the individuals mentioned and does not intend to defame any person or organisation. Any individual seeking clarification or wishing to provide an official response may contact the editorial team with verifiable documentation. The information is presented for journalistic and informational purposes.