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LONGREAD
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Internet

Seven ways Anmol Singh Jaggi diverted money from Gensol for personal gain

SEBI’s interim order details how the green energy poster boy built a paper empire with investor money while living a billionaire lifestyle.

15 April, 2025•7 min

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15 April, 2025•7 min

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Seven ways Anmol Singh Jaggi diverted money from Gensol for personal gain

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The Securities and Exchange Board of India on Tuesday issued an interim order against solar EPC company Gensol Engineering and its promoters for allegedly misappropriating loans intended for the purchase of electric vehicles.

According to the order, Gensol and its promoters—Anmol Singh Jaggi and Puneet Singh Jaggi—diverted substantial loan amounts through complex transactions for personal use, including the acquisition of luxury real estate.

Also read: SEBI finds Gensol misused EV loans for personal gains

As a result, SEBI has barred the promoters from serving as directors or holding key managerial roles in Gensol and prohibited them from trading in securities. …

Seven ways Anmol Singh Jaggi diverted money from Gensol for personal gain | The Morning Context

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