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SECI weighs criminal proceedings against Reliance Power
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.
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.
Mumbai: SECI Issues Show Cause Notice To Reliance Power Over Alleged Fake Bank Guarantee Submission In Solar Bid
The debarment was due to fake bank guarantees submitted in the last round of bidding by Reliance NU BESS Ltd., earlier known as Maharashtra Energy Generation Ltd. Reliance NU BESS blamed a third party arranger for the fake bank guarantee claiming that it was itself a victim of fraud.
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.
SECI weighs criminal action against Reliance Power over fake bid documents
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,
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