Markets regulator Securities and Exchange Board of India (Sebi) has found that ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/blusmart” target=”_blank”>BluSmart promoters Anmol and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/puneet-singh-jaggi” target=”_blank”>Puneet Singh Jaggi had diverted funds from their listed solar energy company rel=”dofollow” href=”https://economictimes.indiatimes.com/gensol-engineering-ltd/stocks/companyid-1948393.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Gensol Engineering, and have allegedly carried out ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/stock-price-manipulation” target=”_blank”>stock price manipulation and other fraudulent activities, sending shockwaves through India’s startup ecosystem.
Once celebrated as rising stars in the country’s renewable energy sector, the Jaggi brothers now face serious allegations of financial misconduct.
Also Read: data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/gensol-promoters-quit-board-blusmart-begins-shutting-ops/articleshow/120355705.cms” data-type=”tilCustomLink” target=”_blank”>Gensol promoters quit board; BluSmart begins…
