Promoter of Gensol Engineering detained by Enforcement Directorate for alleged FEMA violations, faces questioning.

Puneet Jaggi, a key figure at Gensol Engineering, has been apprehended by the Enforcement Directorate for questioning regarding purported violations of the Foreign Exchange Management Act (FEMA). The investigation centers on suspected fund diversions for foreign exchange transactions. Raids were conducted in various locations including Delhi, Gurgaon, and Ahmedabad. Anmol Jaggi, Puneet’s sibling and also associated with the company, is anticipated to receive a summons shortly.

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