The Solar Energy Corporation of India (SECI) has accused a Reliance Power subsidiary of submitting a fraudulent bank guarantee during a recent bidding process.
SECI revealed that the company used a fake email ID to provide an endorsement for the guarantee, raising serious concerns about transparency and accountability. The fraudulent activity came to light during SECI's verification process. This revelation could lead to significant consequences for Reliance Power, as such actions undermine fair bidding practices and trust in the renewable energy sector.