SECI weighs criminal proceedings against Reliance Power

Reliance Power Under Scrutiny As SECI Alleges Submission Of Fake Bank Guarantees In Bids: Report
The Solar Energy Corporation of India (SECI) has issued a showcause notice to Reliance Power and its subsidiary, Reliance NU BESS Ltd., questioning why criminal action should not be initiated against them following the submission of allegedly fake bank guarantees (BGs) in recent tender bids,
Reliance Power In Dock: After Fake Endorsement, SECI Flags 'Fake Bank Guarantee'
SECI asked Reliance Power to explain why it should not initiate criminal proceedings in view of the fraudulent and forged actions.
SECI weighs criminal proceedings against Reliance Power over 'fraud documents for bidding': Report
Last week, SECI imposed a three-year ban on Reliance Power from participating in its clean energy project tenders after discovering that one of its units had submitted a counterfeit foreign bank guarantee.
SECI issues showcause to Reliance Power, considers criminal action
The Solar Energy Corporation of India (SECI) has issued a showcause notice to Anil Ambani-owned Reliance Power, asking why it should not take criminal action against the company for submitting “fake bank documents” through a bank that has no branch from where the documents supposedly originated.
SECI Issues Show Cause Notices to Reliance Power Over Allegations of Fake Bank Guarantees
SECI has issued show cause notices to Reliance Power for submitting fake bank guarantees, prompting potential criminal proceedings.
Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid
Solar Energy Corporation of India Ltd (SECI) has sent a notice to Reliance Power after a subsidiary of the power firm submitted fake documents for a tender bid.
SECI weighs criminal action against Reliance Power over fake bid documents
Reliance Power did not immediately respond to a Reuters request seeking comment on the notice. Last week, the company said that it would legally challenge SECI's ban and had lodged a police complaint against the third party that arranged the bank guarantee.
SECI Issues Show Cause Notice to Reliance Power for Fake Bank Guarantee
SECI has issued showcause notices to Reliance Power and its arm for submitting fake bank guarantees in bids, potentially leading to criminal action.
Reliance Power shares plunge 5% as SECI bars firm from tenders over fake bank guarantees
Reliance Power Ltd. was barred by SECI from bidding in future projects for three years over alleged fake bank guarantees, sending shares to a 5% lower circuit on Friday.
Mumbai: SECI Issues Show Cause Notice To Reliance Power Over Alleged Fake Bank Guarantee Submission In Solar Bid
Mumbai: The national renewable energy agency Solar Energy Corporation of India Ltd. (SECI) issued notices to Reliance Power asking why it should not initiate criminal proceedings after a subsidiary of the Anil Ambani led power producer submitted fake documents for a bid.
Fake guarantees: SECI issues notice to RPower
Renewable energy agency SECI has sent a show cause notice to Reliance Power, asking why criminal action not be taken against the company and its arm for submitting fake bank guarantees. Last week, Solar Energy Corporation of India barred Reliance Power and its arm from participating in its tenders.
India's top clean energy agency weighs criminal proceedings against Reliance Power
India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power, asking why it should not initiate ...
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SECI's Crackdown on Reliance Power: Fraud Allegations Trigger Inquiry
India’s SECI has issued a show-cause notice to Reliance Power, alleging submission of fake bank guarantees. The agency ...