Puneet Jaggi, a co-founder of BluSmart, was arrested at a hotel in Delhi: Sources
EV taxi service According to sources today, Puneet Jaggi, a co-founder of BluSmart, has been arrested by the Enforcement Directorate (ED) from a Delhi hotel in connection with a money laundering case involving Gensol Group, another business he co-founded.

New Delhi: Electric vehicle taxis Puneet Jaggi, a co-founder of BluSmart, was arrested by the Enforcement Directorate (ED) from a Delhi hotel in connection with a case involving Gensol Group, another business he co-founded.
According to sources, the ED also looked through Gensol's properties in Ahmedabad, Delhi, and Gurugram. According to them, the action was taken in a case under the Foreign Exchange Management Act (FEMA).
According to sources, Mr. Jaggi has been lodging at the hotel in Delhi for the past week.
According to sources, the Delhi Police and the Economic Offences Wing received a complaint from Power Finance Corporation a few days ago. Mr. Jaggi's brother, Anmol Jaggi, is currently in Dubai and has not yet returned to India.
The capital markets watchdog SEBI's report, which claimed fund diversion, money transfers to shell companies, share price manipulation, and personal spending funded by loan monies, served as the basis for the start of this ED probe.
According to sources, the ED may launch a new inquiry into claims of money laundering.
According to sources, the Jaggi brothers' wives in Pune have been located by the ED and will probably also be questioned.
According to sources, the ED also looked through Gensol's properties in Ahmedabad, Delhi, and Gurugram. According to them, the action was taken in a case under the Foreign Exchange Management Act (FEMA).
According to sources, Mr. Jaggi has been lodging at the hotel in Delhi for the past week.
According to sources, the Delhi Police and the Economic Offences Wing received a complaint from Power Finance Corporation a few days ago. Mr. Jaggi's brother, Anmol Jaggi, is currently in Dubai and has not yet returned to India.
The capital markets watchdog SEBI's report, which claimed fund diversion, money transfers to shell companies, share price manipulation, and personal spending funded by loan monies, served as the basis for the start of this ED probe.
According to sources, the ED may launch a new inquiry into claims of money laundering.
According to sources, the Jaggi brothers' wives in Pune have been located by the ED and will probably also be questioned.
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