BluSmart Co-Founder Detained Amid Financial Probe

• The Enforcement Directorate detained BluSmart co-founder Puneet Jaggi in Delhi, following raids linked to Gensol Engineering Ltd.
• The investigation stems from SEBI's report accusing Gensol promoters of financial irregularities and fund diversion.
• BluSmart Mobility, the Jaggi brothers' electric cab venture, has paused bookings amid the probe.
• SEBI has barred the Jaggi brothers from the securities market due to alleged misuse of company funds.
• The ED is expected to file a money laundering case once an FIR is registered by the Delhi Police Economic Offences Wing.

Source: Hindustan Times, The Times Of India