HC denies bail to ex-Reliance Power CFO in money laundering case

Delhi High Court on Wednesday denied bail to former Chief Financial Officer of Reliance Power, Ashok Kumar Pal, in a money laundering case. The case is linked to an alleged fake bank guarantee of over ₹68 crore submitted before the Solar Energy Corporation of India for a tender. Pal told the court he had no knowledge of the alleged forgery.