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SECI weighs criminal proceedings against Reliance Power
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
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 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.
SECI weighs criminal action against Reliance Power over fake bid documents
Last week, Solar Energy Corporation of India Ltd (
SECI
) barred the power firm from participating in its clean energy project tenders for three years after it found that a unit of the company had submitted a fake endorsement of a foreign 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.
SECI bars Reliance Power from bidding for RE projects 3 years
Solar Energy Corporation of India (SECI) has barred Reliance Power and its subsidiary Reliance NU BESS from participating in tenders floated by the state-run entity for 3 years.
SECI bars Anil Ambani’s Reliance Power for 3 years: Here's why
Reliance Power and its subsidiary Reliance NU BESS Limited have been banned from participating in SECI tenders for 3 years after submitting a fake bank guarantee.
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
7h
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 has ...
7h
BIG trouble for Anil Ambani, criminal charges against his Rs 14422 crore company over...
Last week, SECI barred Reliance Power and its arm Reliance NU BESS from participating in its tenders for three years.
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