SEBI Exposes Major Fund Misuse at Gensol Engineering

Описание: SEBI has uncovered significant financial mismanagement at Gensol Engineering. Promoters Anmol and Puneet Singh Jaggi are accused of diverting funds originally intended for electric vehicle (EV) development. Instead, they allegedly used the funds to buy luxury items like a flat and a golf set while also covering personal expenses. A staggering ₹262 crore remains unaccounted for. This exposes major governance failures at the company. The revelation raises serious questions about corporate practices and the integrity of financial systems in India.

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