So, like, the stock market is doing its thing and the Sensex is at 80,218.37, which is up by 1,005.84 points. On the other hand, crude oil is at 5,288.00, but it’s down by 108.00 points.
The promoters of Gensol Engineering, Anmol Singh Jaggi, and Puneet Singh Jaggi, are kind of in hot water right now. Apparently, SEBI is looking into some allegations about them diverting funds meant for buying electric vehicles.
I mean, the Directorate of Enforcement even did a whole search and seizure operation at Gensol Engineering’s places in Ahmedabad and Gurgaon. They found some documents, electronic stuff, and financial records. It’s all under the Foreign Exchange Management Act, 1999.
The Jaggi brothers are really being watched closely by SEBI for this whole fund diversion thing. Gensol Engineering is trying to figure out what to do next about the search and seizure operation.
It’s like a whole drama unfolding in the stock market world. But hey, that’s just how things go sometimes. Life is full of surprises, right?