Rs 43 crore flat, Rs 26 lakh golf sets: How BluSmart promoters ‘diverted’ EV funds

Sebi’s investigation reveals Gensol Engineering promoters, Anmol and Puneet Jaggi, diverted company funds for personal enrichment, including luxury purchases and stock manipulation. They misused loans, forged documents, and misled regulators. Funds were used to buy a luxury flat and inflate Gensol’s stock price through artificial trading.

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