New Delhi, Oct. 16 -- Delhi's Patiala House Court on Thursday remanded Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power Limited (RPL), to judicial custody in connection with the alleged fake bank guarantee and money laundering case being probed by the Enforcement Directorate (ED).

Pal was produced before Special Judge Kiran Gupta after the conclusion of his three-day ED custody. The court remanded him to judicial custody till October 29. His application challenging the legality of his arrest is listed for a hearing on October 18.

The ED had arrested Pal in the alleged Rs 68 crore fake bank guarantee case linked to a Battery Energy Storage System (BESS) tender floated by the Solar Energy Corporation...