Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Golf Set to Camellias Flat: Sebi Slams Jaggis for Shifting Funds
Mint Bangalore
|April 16, 2025
Interim order bars promoters from directorships, halts stock split, names forensic auditor
From a luxury apartment purchase in The Camellias to an expensive golf set and various personal expenditures, the promoters of Gensol Engineering Ltd diverted crores of company funds while treating the listed company like a proprietary firm, the stock market regulator said on Tuesday.
In a stinging order, the regulator barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from directorships in listed companies, stopped the company's planned stock split, and named a forensic auditor to investigate the matter further.
The Securities and Exchange Board of India (Sebi) order, which came after it investigated a complaint received in June 2024, pointed to serious governance lapses, fund diversion and submission of falsified documents. The complaint had alleged share price manipulation and misappropriation of company funds. The probe unearthed what it described as a "complete breakdown" of internal controls and corporate governance.
Cette histoire est tirée de l'édition April 16, 2025 de Mint Bangalore.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Bangalore
Mint Bangalore
China's export boom hurts the job prospects of Asia’s Gen-Z
Manufacturing jobs are vanishing as cheap Chinese goods flood in
3 mins
December 19, 2025
Mint Bangalore
RBI clean-up forces rethink on NBFC-fintech co-lending
Co-lending relationships between regulated lenders such as banks and non-banking finance companies (NBFCs) on one side and fintech firms on the other are seen changing significantly in the next three to five years, experts said at a Mint BFSI Summit panel discussion.
2 mins
December 19, 2025
Mint Bangalore
Why IndiGo is Sensex’s worst newcomer
IndiGo's parent, InterGlobe Aviation Ltd, has suffered a sharp selloff due to its operational meltdown days before inclusion in the BSE Sensex.
2 mins
December 19, 2025
Mint Bangalore
All that cheap Chinese stuff is now Europe's problem
Trump's tariffs have redirected the flow of low-valued packages away from the U.S. into backyard warehouses on the Continent; the 'new Silk Road'
8 mins
December 19, 2025
Mint Bangalore
L Catterton bets on Haldiram Snacks
Consumer-focused global investment firm L Catterton has invested an undisclosed amount in Temasek-backed Haldiram Snacks Food Pvt. Ltd and entered into a strategic partnership, as private equity interest in India’s snacks and packaged foods sector continues to rise.
1 min
December 19, 2025
Mint Bangalore
SHANTI bill to open up nuclear sector gets RS nod amid concerns
The Rajya Sabha on Thursday passed the bill to open up nuclear power generation to the private sector and ease liabilities on suppliers amid the Opposition's concerns over allowing private players in the sector and the lack of liabilities for suppliers of components.
1 mins
December 19, 2025
Mint Bangalore
How child-free couples are rethinking retirement math
Focus is on flexibility, experiences and early retirement over traditional child-centric targets
3 mins
December 19, 2025
Mint Bangalore
Nuclear recharge: Let's hedge our import bets
India's new nuclear law aligns our framework with global norms and looks set to revive a languishing source of clean energy. But don't give up on efforts to minimize import reliance
2 mins
December 19, 2025
Mint Bangalore
India's RDI Fund: We just cannot afford to miss our R&D moment
The Centre's big push is in the right direction but outcomes will depend on how well we redesign the broader R&D ecosystem
2 mins
December 19, 2025
Mint Bangalore
Sumitomo Realty bets on Mumbai
Japan’s Sumitomo Realty and Development, the country’s third-largest developer, plans to expand in India with an unusual strategy: focusing on Mumbai and managing apartments rather than selling them, executives told Reuters.
1 min
December 19, 2025
Listen
Translate
Change font size