ED Detains BluSmart Cofounder Puneet Jaggi

Share via:


SUMMARY

As per news agency PTI, Jaggi was picked up as the directorate simultaneously conducted raids at multiple premises linked to his company Gensol Engineering

The searches were carried out at the company’s premises in Delhi, Gurugram and Ahmedabad under the provisions of the FEMA

The development comes days after SEBI, in an interim order, said that the brothers misutilised Gensol’s funds in a fraudulent manner and treated the capital as their “piggybank”

The Enforcement Directorate reportedly detained BluSmart



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

ED Detains BluSmart Cofounder Puneet Jaggi


SUMMARY

As per news agency PTI, Jaggi was picked up as the directorate simultaneously conducted raids at multiple premises linked to his company Gensol Engineering

The searches were carried out at the company’s premises in Delhi, Gurugram and Ahmedabad under the provisions of the FEMA

The development comes days after SEBI, in an interim order, said that the brothers misutilised Gensol’s funds in a fraudulent manner and treated the capital as their “piggybank”

The Enforcement Directorate reportedly detained BluSmart



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

VSCO to launch ‘Capture,’ a camera app with film-style...

Visual Supply Co. is about to enter the...

CoRover Unveils BharatGPT Mini

SUMMARY CoRover’s BharatGPT Mini is a compact small language...

The new battlefield: On social media, war plays out...

Early Sunday, US pilots carried out airstrikes on...

Popular

Upcoming Events

afasdfhgsd afasghsd afadshdfgsd afasdfghsd afdfgasd afwreasd aferfgsdgasd aerfasd afaadfsd afasd afaassd