"Letters"

CBI Books Gensol, BluSmart Founders Over Alleged ₹672 Crore IREDA Loss

The CBI has registered a case against Gensol Engineering, Gensol EV Lease and BluSmart founders Anmol Singh Jaggi and Puneet Singh Jaggi over allegations linked to loans extended by IREDA. The complaint alleges diversion or misuse of funds, forged documents submitted to credit-rating agencies and an outstanding exposure of more than ₹672 crore. The development follows earlier regulatory action involving Gensol and its promoters, while insolvency proceedings against the company and its EV-leasing subsidiary continue