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BluSmart faces insolvency amid governance trouble
Hindustan Times Rajasthan
|July 30, 2025
Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle purchases.
BluSmart suspended operations in April after India’s market regulator barred co-founder Anmol Jaggi from the securities market.
The ban followed allegations that Jaggi diverted funds from his publicly listed affiliate, Gen-sol, for personal use—including the purchase of a $5 million luxury apartment and a golf set worth $30,379.
Bu hikaye Hindustan Times Rajasthan dergisinin July 30, 2025 baskısından alınmıştır.
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