MUMBAI: The promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, engaged in blatant corporate misconduct, including illegal fund diversion for personal gain and stock price manipulation, as revealed by a SEBI investigation. They misappropriated hundreds of crores, using company loans to purchase a luxury flat and fund personal expenses while misleading regulators. SEBI has barred them from the securities market and initiated a forensic audit of Gensol’s accounts, highlighting a severe breach of public trust and potential financial losses for investors.
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‘Lost love’ scam: Mumbai cops nabs Rajasthan duo over promise to reunite lovers
Mumbai's crime branch arrested two Rajasthan fraudsters who scammed individuals seeking to reunite with lost lovers, promising mystical rituals for a fee. After a woman's gold and cash were stolen, police uncovered the scheme involving payments to third-party accounts and recovered Rs 16 lakh worth of stolen items, warning others to be wary of such emotional exploitation online. Want More Context? 🔎
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