BLU Smart Co-founder Under Sebi Lens | Sebi Pauses Cab Services Pause 90 Days | English News

Gensol Engineering's promoters treated the listed company as a proprietary firm, diverting corporate funds to buy a high-end apartment in The Camellias, DLF Gurgaon, splurging on a luxury golf set, paying off credit cards, and transferring money to close relatives, SEBI revealed in its interim order.

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Chapters:
0:00 Understanding BlueSmart: An Overview of the All-Electric Ride-Hailing Company
0:12 Service Disruptions: BlueSmart's Cab Booking Issues in Major Cities
0:25 Regulatory Scrutiny: SEBI Investigates BlueSmart's Co-Founders
0:55 Allegations of Fund Misappropriation: The Jaggi Brothers Under Fire
1:29 Corporate Governance Concerns: Issues Facing BlueSmart and Gensol Engineering
1:58 Impact of Allegations: Capital Raising and Operational Challenges for BlueSmart
2:40 Stock Market Reaction: Gensol Engineering's Share Price Decline
2:58 Future of BlueSmart: Potential Consequences of Financial Misconduct