Jaggi Brothers

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The Jaggi Brothers, promoters of the now-disgraced Gensol EV, have come under investigation by the Securities and Exchange Board of India (Sebi) for allegedly diverting company funds for personal enrichment, including the purchase of a luxury flat and expensive golf sets, while misleading investors about the company's financial health.

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The two promoters of now disgraced company, the Jaggi brothers, used hundreds of crores rupees of the entity as they wished.

Gensol EV Fund Scam: Where did EV funds go? Rs 43cr flat, Rs 26L golf sets... | India-Business News

The Times of India·

India· 2025-04-17

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