NEW DELHI: Forward of formally launching a money-laundering investigation, the Enforcement Directorate Thursday detained Puneet Jaggi, one of many promoters of Gensol Engineering, which operated BluSmart cab providers, to query him on alleged Overseas Change Administration Act violations. The probe is to establish if Gensol diverted funds for buying international change.
Whereas Puneet was picked up from a resort in Delhi throughout searches performed by the company at a number of locations in Delhi, Gurgaon and Ahmedabad, his brother and co-promoter Anmol Jaggi is believed to be in a foreign country and can quickly be summoned for questioning.
Jaggi brothers earlier barred from working in share market
The Jaggi brothers have been earlier barred from working within the share market after regulator Sebi discovered the promoters had diverted firm funds for private features, together with shopping for property in Gurgaon price over Rs 45 crore for private use.
ED is awaiting an FIR, more likely to be registered in opposition to the Jaggi brothers and their firm, to formally register a probe underneath PMLA, sources mentioned. When reached for touch upon Thursday night, Gensol mentioned their workplaces have been closed for the day.
