New Delhi, Oct. 14 -- The Enforcement Directorate (ED) on Wednesday said it has seized assets worth Rs 2,032.81 crores in India belonging to Reliance Power Ltd (RPL) in connection with its ongoing investigation under the Foreign Exchange Management Act (FEMA).

These assets were seized under Section 37A of the Foreign Exchange Management Act (FEMA), 1999.

ED said the seized assets include bank balances of RPL and its shareholding of Sasan Power Limited, and that the assets are equivalent in value to the foreign exchange held outside India in contravention of Section 4 of FEMA.

The agency said its investigation was initiated on the basis of information received from the Securities and Exchange Board of India (SEBI), pertaining to write-o...