Reliance Power said in a statement furnished to the stock exchanges that "to the best of its knowledge, no such action has been carried out at any of the offices or premises of the Company."
Amar Nath Dutta was arrested on Thursday under the Prevention of Money Laundering Act (PMLA) and remanded to four days of Enforcement Directorate custody.
As part of the investigation, the ED carried out searches against the company and its promoters in August and arrested its Managing Director, Partha Sarathi Biswal.
Minister reviews power needs for Vijayawada, Vizag metro projects; calls for substations to support data centers, industries and boost urban infrastructure.
