Who are the Jaggi brothers—and how did Gensol, BluSmart get here?

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Markets regulator Securities and Exchange Board of India (Sebi) has found that BluSmart promoters Anmol and Puneet Singh Jaggi had diverted funds from their listed solar energy company Gensol Engineering, and have allegedly carried out 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: Gensol promoters quit board; BluSmart begins…



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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.

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Who are the Jaggi brothers—and how did Gensol, BluSmart get here?


Markets regulator Securities and Exchange Board of India (Sebi) has found that BluSmart promoters Anmol and Puneet Singh Jaggi had diverted funds from their listed solar energy company Gensol Engineering, and have allegedly carried out 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: Gensol promoters quit board; BluSmart begins…



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.

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