Enforcement Directorate vs Reliance Power Ltd — FEMA violation investigation

Updates

1. News14 Oct 2026

   Reliance Power Faces ED Seizure Order On Assets Worth ₹2,032 Crore Over Alleged FEMA Violations

   Reliance Power has received an Enforcement Directorate seizure order covering Sasan Power shares worth ₹2,026.65 crore and bank balances of ₹6.16 crore over alleged FEMA violations. The company disputes the allegations, maintains that the historical transactions had necessary approvals, and says the provisional order remains subject to regulatory confirmation

   Explanation in simple terms

   What:

   The Enforcement Directorate issued an order to seize assets belonging to Reliance Power.

   Who:

   The Enforcement Directorate is an investigative agency and Reliance Power is the company facing the seizure.

   When:

   Reported on 14 Oct 2026.

   Why:

   The seizure is based on an investigation into alleged violations of the Foreign Exchange Management Act.

   What it means:

   The company now faces a government-ordered hold on property and funds while the investigation proceeds.

   Free Press Journal
2. News14 Oct 2026

   ED seizes Rs 2,032.81 crore assets of Reliance Power Ltd under FEMA

   These assets were seized under Section 37A of the Foreign Exchange Management Act (FEMA), 1999.

   Explanation in simple terms

   What:

   The Enforcement Directorate has taken control of assets worth 2,032.81 crore rupees belonging to Reliance Power Ltd.

   Who:

   The Enforcement Directorate acts as the investigating agency and Reliance Power Ltd is the entity being investigated.

   When:

   Reported on 14 Oct 2026.

   Why:

   The agency took these assets as part of an investigation into alleged violations of the Foreign Exchange Management Act.

   What it means:

   This development formalizes the ongoing investigation into the company regarding international financial rules and regulations.

   Asian News International