ED raids Gensol office, co-founder Puneet Singh Jaggi detained
The Enforcement Directorate (ED) raided Gensol Engineering Ltd offices and detained co-promoter Puneet Singh Jaggi amid financial misconduct allegations. This action, triggered by a SEBI report, accuses the Jaggi brothers of diverting funds obtained from Power Finance Corporation and IREDA Ltd into assets held by promoters and shell companies.
The Enforcement Directorate (ED) raided Gensol Engineering Ltd offices and detained co-promoter Puneet Singh Jaggi amid financial misconduct allegations. This action, triggered by a SEBI report, accuses the Jaggi brothers of diverting funds obtained from Power Finance Corporation and IREDA Ltd into assets held by promoters and shell companies.
