New Delhi, Oct. 12 -- The Enforcement Directorate (ED) late Friday night arrested Ashok Kumar Pal, the chief financial officer (CFO) of Reliance Power Limited as part of its money laundering probe into the issuance of an alleged fake bank guarantee of Rs.68 crore, agency officials said on Saturday. Pal, officials said, was arrested under the prevention of money laundering act after questioning on Friday night and was produced before a special court. His ED custody has been granted for two days. Industrial Anil Ambani led Reliance Group's several companies are under ED investigation for the past few months. Ambani himself has also been questioned by the agency. Sharing details of Reliance Power matter, a senior ED officer said the case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy Corporation of India Limited (SECI) on behalf of Reliance NU BESS Limited, a subsidiary of Reliance Power, a listed company, which was found to be fake. The company was formerly known as Maharashtra Energy Generation Limited. The accused company, which allegedly operated a racket for providing fake bank guarantees for business groups, was identified by the ED as Odisha-based Biswal Tradelink. As part of the investigation, the ED carried out searches against the company and its promoters in August and arrested its Managing Director, Partha Sarathi Biswal. P4...