ED raids Gensol, detains co-promoter Puneet Jaggi
New Delhi, Apr 24 (PTI): The Enforcement Directorate Thursday conducted searches against beleaguered Gensol Engineering Ltd and detained its co-promoter Puneet Singh Jaggi from a Delhi hotel, official sources said.
The raids were conducted at company's premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA).
The promoter brothers of the company -- Anmol Singh Jaggi and Puneet Singh Jaggi -- are under the scanner of the federal probe agency following a SEBI report against them for alleged financial misconduct and diversion of funds.
The sources told PTI that Puneet Jaggi was detained by the ED from a Delhi hotel while Anmol Jaggi is stated to be in Dubai.
The ED action is based on the SEBI order which claimed that Gensol Engineering obtained loans from Power Finance Corporation and IRDEA Ltd for procurement of EVs and EPC contracts.
However, according to the sources, the company instead of utilizing these funds for the intended purposes had diverted the funds for purchasing the assets in personal name of promoters or their relatives or in various shell entities floated by the group.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
TN polls: TVK pushes DMK behind with leads in 83 seats, AIADMK ahead in 54
Chennai (PTI): New entrant TVK, led by actor-politician Vijay, was leading in as many as 83 constituencies on Monday when counting of votes polled in the April 23 Assembly polls was on across Tamil Nadu. The AIADMK was leading in 58 seats while the ruling DMK was ahead in 34, EC data showed.
About two hours after the postal ballots were counted and EVMs opened for multi-round counting, Vijay's Tamilaga Vettri Kazhagam surged ahead of its Dravidian rivals-- the DMK and the AIADMK, with the ruling party struggling to catch up.
If the trends maintain, Vijay could as well ensure the biggest electoral upset, something in lines with the "1967,1977" wins he had referred to in his campaign speeches.
While the Dravidian stalwart CN Annadurai brought the first non-Congress government in Tamil Nadu post-independence in 1967, the charismatic MG Ramachandran (MGR) installed the maiden AIADMK government 10 years later, unseating then DMK government under M Karunanidhi. TVK was leading in most Chennai segments, all considered DMK strongholds and currently represented by the party in the 234-member House.
A poor show by DMK could belie most exit polls giving an edge to it, riding on the number of populist measures Chief Minister M K Stalin had implemented in his five year "Dravidian model," inclusive governance.
According to EC and TV reports, 15 cabinet ministers, including Stalin were trailing. His son and deputy CM Udhayanidhi was also behind in his incumbent Chepauk-Tirvuvallikeni seat, according to a number of reports.
Stalin was trailing behind TVK's VS Babu by 1234 votes in Kolathur segment. Vijay was ahead in Tiruchirappalli East by over 3,000 votes at the end of two rounds of counting, according to EC data.
BJP is trailing in 26 constituencies and it is ahead in Thali segment alone. TVK is ahead in constituencies including Ponneri, Tiruvallur, Poonamalle, and Avadi.
AIADMK is leading in segments including Katpadi, and Guidyattam and party chief Edappadi K Palaniswami is ahead in Edappadi segment by 7003 votes.
DMK was leading in segments including Vellore, Anaikattu and Rishivandiyam.
