UPSCSSCBANKINGSTATE-PSC
ED filed chargesheet against Reliance Power in a fake bank guarantee case related to a government tender.
Summary
Reliance Power shares experienced a decline following an Enforcement Directorate chargesheet alleging a fraudulent bank guarantee used in a government tender. The chargesheet implicates individuals and entities, despite the company's claim of being a victim of fraud.
Key Points
- Reliance Power shares fell over 4%.
- The Enforcement Directorate filed a chargesheet.
- The case involves a fake bank guarantee.
- The guarantee was allegedly used to win a government tender.
- The chargesheet names individuals and entities.
Full Article
Reliance Power shares dropped, continuing their decline after the Enforcement Directorate filed a chargesheet alleging a fake bank guarantee was used to win a government tender. The company claims it is the victim of fraud, but the chargesheet names several individuals and entities linked to the case.
#business#economy#upsc#banking#ssc#rbi