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ED seizes assets worth over ₹2,000 crore linked to Reliance Power Ltd. under FEMA

The Hindu

By The Hindu Staff

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ED seizes assets worth over ₹2,000 crore linked to Reliance Power Ltd. under FEMA — Photo credit: The Hindu

The assets include the bank balances of Reliance Power Ltd., and its shareholding in Sasan Power Ltd. Their cumulative value is equivalent to that of foreign exchange held outside India, allegedly in contravention of the Act, according to the ED. File — Photo credit: The Hindu

The assets include the bank balances of Reliance Power Ltd., and its shareholding in Sasan Power Ltd. Their cumulative value is equivalent to that of foreign exchange held outside India, allegedly in contravention of the Act, according to the ED. File | Photo Credit: Reuters

The Enforcement Directorate (ED) has seized assets worth ₹2,032.81 crore belonging to Reliance Power Limited in India under the Foreign Exchange Management Act (FEMA), the agency said on Wednesday (October 14, 2026).

The assets include the bank balances of Reliance Power Ltd., and its shareholding in Sasan Power Ltd. Their cumulative value is equivalent to that of foreign exchange held outside India, allegedly in contravention of the Act, according to the ED.

Photo credit: The Hindu

Originally published by The Hindu on Oct 14, 2026 Read the full article at thehindu.com

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