Who are the Jaggi brothers—and how did Gensol, BluSmart get here?

Markets regulator Securities and Exchange Board of India (Sebi) has found that BluSmart promoters Anmol and Puneet Singh Jaggi had diverted funds from their listed solar energy company Gensol Engineering, and have allegedly carried out stock price manipulation and other fraudulent activities, sending shockwaves through India’s startup ecosystem.

Once celebrated as rising stars in the country’s renewable energy sector, the Jaggi brothers now face serious allegations of financial misconduct.

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