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.
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Indian-origin techie among 3 killed in tragic climbing accident in US
New York, May 15 (PTI): Indian-origin techie Vishnu Irigireddy was among the three persons killed in a tragic climbing accident in Washington state's North Cascades Range of western North America.
Vishnu, 48, a resident of Seattle, was attempting to climb North Early Winters Spire area of the Cascades along with his three friends, Tim Nguyen, 63, Oleksander Martynenko, 36 and Anton Tselykh, 38, on Saturday when the accident happened, NBC News reported.
The group noticed a storm coming and started to retreat when at some point during their descent, the team’s anchor point failed and sent the group plunging 200 feet down, Climbing website reported.
Tselykh, the sole surviving climber, miraculously survived the dangerous fall and drove 64 kilometres to inform the authorities about the accident that killed his three friends.
Vishnu’s friends and family describe him as an experienced climber “who found joy and purpose in nature.”
“Originally from India and a proud member of Seattle’s vibrant tech and cultural community, Vishnu built a life that reflected his values—integrity, compassion, and a relentless pursuit of growth,” a note by family and friends on remembr.com website said.
According to a notice for his cremation ceremony, to be held on Thursday, his friends and family would be making donations to two non-profits to honour Vishnu, who they said had “developed an intense passion for mountaineering and climbing throughout his life.” They also made an appeal to others to donate to those charitable organisations till May 22.
Vishnu was working as Vice President of Engineering at Fluke Corporation, a test equipment manufacturing company in the Greater Seattle Area.
His company described him as an extraordinary leader in a statement released after his death adding that his loss “felt profoundly” across the organisation.
Tselykh is currently in hospital and is being treated for internal bleeding and a traumatic brain injury.
North Early Winters Spire, a granite peak in the Liberty Bell group of the North Cascades, is popular among experienced climbers.
