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Energy & Mobility

CBI books BluSmart founders in ₹672 crore IREDA loan diversion case

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CBI books BluSmart founders in ₹672 crore IREDA loan diversion case

The CBI registered an FIR against Gensol Engineering, Gensol EV Lease, BluSmart founders Anmol Singh Jaggi and Puneet Goyal for alleged loan diversion, forged letters, and misuse of ₹672 crore in IREDA funds, per Inc42. EV founders should urgently audit government loan utilisation and documentation—regulatory scrutiny on green-energy lending is tightening, and any discrepancy between proposed capex and actual deployment will invite investigation.

Source: Inc42 ↗

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