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Home World India

Rs 43cr flat, Rs 26L golf sets: How BluSmart promoters 'diverted' EV funds

16 April 2025
in India
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Rs 43cr flat, Rs 26L golf sets: How BluSmart promoters 'diverted' EV funds
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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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Tags: 039diverted03926L43crAnmol Singh JaggiBluSmartflatFundsGensol EngineeringGo-AutoGolfpromotersPuneet Singh JaggiSEBIsets
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