ED seizes ₹2,032 cr Reliance Power assets under FEMA

The Enforcement Directorate seized assets worth ₹2,032.81 crore belonging to Reliance Power Ltd under FEMA, including bank balances and shareholding in Sasan Power. The probe, based on SEBI inputs, revealed ₹2,101 crore in write-offs linked to BVI and Cayman Islands investments, with funds allegedly misused by the Anil Ambani Group via front entities.