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Indian ED investigates Gensol and its promoters over alleged misuse of funds for electric vehicles.
The Enforcement Directorate (ED) in India is investigating Gensol Engineering Ltd and its promoters, Anmol and Puneet Jaggi, over alleged financial irregularities, including the diversion of funds from loans meant for buying electric vehicles.
The ED has asked for a look-out circular against the Jaggi brothers and conducted searches at Gensol's offices.
Additionally, the Delhi High Court has restrained Gensol and BluSmart Mobility from selling or using as collateral 175 leased electric vehicles due to breached lease agreements.
BluSmart has paused bookings in response to these developments.
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La ED india investiga a Gensol y sus promotores por el presunto uso indebido de fondos para vehículos eléctricos.