Anmol Singh Jaggi’s luxury spending: DLF Camellias apartment, Dirhams Rs 186 crore, golf gear and spa Rs 26 lakh
Anmol Singh Jaggi, co-founder of Blusmart, shows luxury lifestyle spending on Blusmart.
On April 15, market regulators banned Gensol Engineering’s founders Anmol Singh Jaggi and Puneet Singh Jaggi from taking key positions from the company and participating in the securities market until further orders.
The two are accused of defaulting on debt repayments related to electric vehicle purchases from ride-hailing startup Blusmart.
SEBI order file shows how Anmol Singh Jaggi bought more than 100 million DLF Camellias apartments ₹Owned by Dh1.86 million, bought golf equipment ₹2.6 million, addicted to spa courses, and the bill reached 100,000.
Anmol Singh Jaggi’s Luxury Lifestyle: How Blusmart transfers funds to private expenses
According to SEBI files, Anmol Singh Jaggi has almost moved ₹Blusmart’s personal and household use funds are Rs 2576 crore, including expenses spent on credit cards, spa classes, watches, golf courses and more. Let’s take a look:
- Family: Anmol Jaggi’s wife got it ₹29,800 million, and his mother received ₹The company’s funds are 620 million.
- Foreign currency, investment: I also found that he has ₹The document shows that UAE Dhhh is worth 1.86 million. It also shows that individual investment ₹ICICI Securities’ 2.3 million; and personal credit card expenditures ₹99,500.
- Luxury Gifts and Lifestyle Expenditures: The document also shows ₹2.6 million from Taylormade golf matches; in addition to ₹Rs 17.28 lakh purchased from Titan Company; ₹Mayo Design’s 800,000,000, ₹1.036 million in spa courses; and ₹Personal trips on Makemytrip 300,000.
DLF Camellias Apartment Value ₹50 million purchased with Gensol funds
Besides that, the file shows that Anmol Singh Jaggi uses Gensol funds to pay ₹DLF Camellias apartment in Gurgaon is 50 million. Command indicates the surrounding ₹Promoted Capbridge Ventures’ purchase of DLF Camellias House through Anmol Singh Jaggi, garnering Rs 429.4 crore from the larger loan obtained from Gensol.
Other large ticket investments include ₹$5 million from Gensol funds, which invest in Ashneer Grover’s new startup, the third unicorn.
Overall, the use of corporate funds for personal and luxury spending is written off from Gensol books, causing losses to corporate investors.
