Mumbai, Aug. 4 -- The Enforcement Directorate (ED) in a statement today said that it has arrested Partha Sarathi Biswal, the managing director of Biswal Tradelink Pvt Ltd (BTPL) based in Odisha, on Saturday, for allegedly providing fake bank guarantees worth Rs 68.2 crore to the Anil Ambani-led Reliance Power Ltd for a Solar Energy Corporation of India Ltd (SECI) tender.
The ED plans to confront arrested Biswal face-to-face with Anil Ambani when Ambani will be questioned on Tuesday, August 5 at the ED's Delhi headquarters in an alleged money laundering case, linked to an alleged multi-crore bank loan fraud committed by the Anil Ambani-led Reliance ADA group.
"An investigation has revealed that BTPL had fraudulently arranged as well as sub...