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GENSOL FRAUD
NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...- Sebi confirms Gensol fraud, finds promoters diverted funds, falsified recordsSecurities and Exchange Board of India (Sebi) on Monday passed a confirmatory order against Gensol Engineering and its promoter-directors A...
- NCLAT asks Gensol entities BluSmart and Matrix to approach NCLT on asset freezeThe NCLAT declined to immediately stay the NCLT's order freezing Gensol's assets, directing BluSmart and Matrix Gas to appeal to the Ahmeda...
- Gensol Engineering shares in focus as NCLT likely orders asset freeze against promotersThe National Company Law Tribunal has ordered the freezing of assets linked to Gensol Engineering and its affiliates following accusations ...
- MCA, Sebi discuss probe into Gensol EngineeringSebi chairman Tuhin Kanta Pandey and corporate affairs secretary Deepti Gaur Mukerjee convened to address ongoing investigations into Genso...
- NFRA probes Gensol's audit books after Sebi flags fraud, ICAI review underwayIndia’s audit regulator, NFRA, has launched a preliminary inquiry into Gensol Engineering’s books after SEBI flagged fraud allegations. The...
- MCA orders probe into Gensol, BluSmart for corporate governance violationsAt the centre of the controversy is the alleged misutilisation of term loans availed by Gensol Engineering from state-run Indian Renewable ...
- ICAI to probe books of Gensol, BluSmartThe Institute of Chartered Accountants of India (ICAI) will investigate Gensol Engineering and BluSmart Mobility's FY24 financial statement...
- ICAI to review financial statements of crisis-hit Gensol Engg, BluSmart MobilityICAI will scrutinize the financial statements of Gensol Engineering and BluSmart Mobility for fiscal year 2023-24, prompted by concerns ove...
- Gensol Engineering dues at Rs 307 crore, exploring all action, options, says PFCPower Finance Corporation (PFC) is pursuing action to recover ₹307 crore from Gensol Engineering, which faces scrutiny from SEBI for fund d...
- BluSmart bust makes investors rewrite the fine printFollowing financial irregularities at Gensol Engineering and BluSmart, investors are tightening investment contract terms. Lawyers indicate...
- PFC shares drop over 3% on disclosure of Rs 307 crore pending dues from Gensol EngineeringPower Finance Corporation (PFC) shares declined after disclosing a Rs 307 crore outstanding exposure to Gensol Engineering, which had recei...
- Power Finance Corporation files plaint with EOW over 'document fraud'Power Finance Corporation (PFC) has filed a complaint against Gensol Engineering for allegedly falsifying documents related to debt servici...
- PFC, IREDA initiate probe into Gensol Engineering's Rs 663 crore loanPower Finance Corporation and IREDA have launched internal investigations into a ₹663 crore loan to Gensol Engineering for EV purchases lea...
- Directors and independence: No excuse for corporate fraudFollowing the Gensol fraud, the article highlights the ineffectiveness of current regulatory safeguards due to the lack of genuine independ...
- Gensol, BluSmart on corporate ministry radar for lapses after Sebi action for 'misutilisation' of fundsThe corporate affairs ministry is considering investigating Gensol Engineering and BluSmart for potential corporate governance violations, ...
- PFC, IREDA mull legal measures against Gensol to safeguard their loan exposurePower Finance Corp and IREDA are pursuing legal options to protect their ₹977 crore loan exposure to Gensol Engineering after promoters fac...
- Gensol's Jaggi bros saga: Forged letters, Camellias flat, golf set, Dirhams, money to relatives & Ashneer Grover's firmGensol: Brothers Anmol and Puneet Jaggi, once celebrated figures in India's renewable energy sector with Gensol Engineering and BluSmart Mo...
- Inside details: How Gensol promoter bought luxury DLF Camellias apartment in Gurgaon with 'diverted funds'Sebi’s interim order reveals Gensol promoter Anmol Singh Jaggi diverted Rs 97 crore—sourced from company loans and funds—towards buying a l...
- Faster fraud prevention; BluSmart on Uber’s radarHappy Monday! Major Indian banks and payment companies are speeding up their response to payment fraud by integrating their systems with th...
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