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Reliance Power, SECI
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,
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.
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.
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 criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid,
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.
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.
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 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.
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.
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.
devdiscourse
22h
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 ...
22h
on MSN
Anil Ambani in MAJOR trouble as Reliance Power faces criminal charges, served show-cause notice for…
Notably, the setback for Anil Ambani-led Reliance Power came days after it posted a consolidated net profit of Rs 2,878.15 ...
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