The accused, Amar Nath Dutta, was arrested and produced before the Patiala House Court in New Delhi. The entire case pertains to Reliance NU BESS Limited, a subsidiary of Reliance Power Limited.
रिलायंस पावर के फर्जी बैंक गारंटी घोटाले में ईडी की तीसरी गिरफ्तारी, 768 करोड़ रुपए का नुकसान
The Enforcement Directorate (ED) on Thursday made the third arrest in the fake bank guarantee case under the Prevention of Money Laundering Act (PMLA). The accused, Amar Nath Dutta, was arrested and produced before the Patiala House Court in New Delhi, where Additional Sessions Judge-04 remanded him to ED custody for four days until November 10.
The case involves Reliance NU BESS Limited, a subsidiary of Reliance Power Limited. It submitted forged bank guarantees (BGs), fake endorsements, and Structure Finance Messaging System (SFMS) confirmations worth over ₹768 crore to the Solar Energy Corporation of India Limited (SECI). This caused financial losses of over ₹100 crore to the public sector company SECI.
A total of three FIRs have been registered in the case.
According to the ED investigation, this fraud was committed with the intention of influencing the tender process and misleading the public. A total of three FIRs have been registered in the case, the main one being the complaint filed by SECI with the Economic Offences Wing (EOW) of the Delhi Police. SECI is a key public sector undertaking under the Ministry of New and Renewable Energy that issues tenders for solar energy projects. A Reliance subsidiary attempted to win the Battery Energy Storage System (BESS) tender by submitting fraudulent documents.
Previous Arrests
The investigating agency revealed that the perpetrators used fake email domains and sent fake support letters posing as the State Bank of India (SBI). SECI was misled into believing that the BGs were legitimate. The investigation uncovered additional fake domains, which were fraudulent by making minor changes (such as letter swaps) to the original bank domain. All these domains were operated by the same gang, which issued fake guarantees in exchange for commissions.
Previously, in August 2025, the ED arrested Partha Sarathi Biswal, Managing Director of Odisha-based M/s Biswal Tradelink Private Limited. His company was accused of issuing fake BGs for an 8 percent commission. Then on October 11, Reliance Power’s Chief Financial Officer (CFO) Ashok Kumar Pal was arrested, whom the ED described as the ‘main conspirator’.
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