Capital Markets regulator’s juicy findings about what is called corporate governance issues in construction and engineering company Gensol Engineering are the financing provided by co-promoters for super-old apartments.
Anmol Singh Jaggi is accused of using company funds to buy plush apartments at DLF Camellias in Gurugram, according to an interim order from the Securities and Exchange Commission of India (SEBI).
Jaggi ₹379,200 million, showing sales deeds visited by real estate data analytics company Cre Matrix. Registration for the property was performed by Capbridge Ventures LLP, with Anmol and brother Puneet Singh Jaggi being designated as partners and completed on August 4, 2023.
Stamp duty ₹The unit’s transactions have been paid for $2.65 billion and were made on September 30, 2022, according to the documents.
The apartment comes with four parking spaces.
http.com Already linked to Gensol and DLF. If a response is received, the copy will be updated.
Spread over 17.5 acres, Camellias redefines luxury living and offers a 24/7 seven-star hotel experience for the year-round seven-star hotel. It is home to some of India’s most successful individuals, including industrialists, CXOs, entrepreneurial founders and members of Delhi elites – many of whom trade in the city’s upscale suburbs, scattering Kothis over Kothis for these expansive Kothis deals.
How do you say the temporary command of SEBI?
On October 6, 2022, Capbridge Ventures moved ₹DLF Ltd’s Rs 429.4 crore. The apartment was originally booked under the name of Anmol Singh Jaggi’s mother, Jasminder Kaur, who paid for it ₹Book 50 million.
After Capbridge is paid in full, the apartment is reinstalled under Capbridge’s name, and then ₹According to SEBI, DLF refunded Rs 5 crore but redirected it to another party involved, Matrix Gas and Renewables.
SEBI has shut down Gensol Engineering and Jaggis from the securities market until further orders for fund transfer and governance fail. The regulator said in an interim order that the two promoters regarded the listed company as proprietary companies. In addition to buying high-end apartments, Sebi also accused Jaggis of splurge on luxury golf suits, paying off credit cards and transferring money to relatives.
SEBI also noted that the promoters operate the company like their Pig Bank, routed and spent money with the parties involved without considering shareholder interests.
The copy first appears in Indian era.
