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flag Indian ED investigates Gensol and its promoters over alleged misuse of funds for electric vehicles.

flag 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. flag The ED has asked for a look-out circular against the Jaggi brothers and conducted searches at Gensol's offices. flag 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. flag BluSmart has paused bookings in response to these developments.

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