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