“ED probes Gensol Engineering founders in Mahadev Book app case, freezes shares amid money laundering suspicions”

The Enforcement Directorate (ED) is gearing up to question Anmol and Puneet Singh Jaggi, the promoters of Gensol Engineering, as part of an investigation into the illegal betting and money laundering operations of the Mahadev Book app. The ED has taken action by freezing more than 500,000 shares of the company. This move comes as authorities suspect that the stock price of Gensol Engineering may have been manipulated through the use of illegal funds channeled via foreign portfolio investors. The interrogation of the company’s promoters is a significant development in the ongoing probe into these illicit activities.

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