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.
Indian climber dies while descending from Mt Everest summit point: Report
Kathmandu, May 16 (PTI): A 45-year-old Indian climber died on Mt Everest after showing signs of altitude sickness while descending from the summit point of the world's highest peak, according to a media report on Friday.
The deceased climber has been identified as Subrata Ghosh from West Bengal. Ghosh is the second foreigner to die on the 8,848.86 metres-high Mt Everest this season, The Himalayan Times newspaper reported.
Bodhraj Bhandari, Managing Director at Snowy Horizon Treks, said that Ghosh died just below the Hillary Step, near the summit point of Mt Everest on Saturday, according to the paper.
Ghosh was late in making his summit push and reached the top with his guide around 2 pm, the paper said.
During the descent, he became exhausted and showed signs of altitude sickness, eventually refusing to continue, he said.
"Ghosh refused to move while descending from the summit," Bhandari quoted Champal Tamang, his guide, as saying.
Champal returned to Camp IV late last night and informed about the incident this morning, he added.
Ghosh was part of the Mountaineering Association of Krishnanagar–Snowy Everest Expedition 2025, the paper said.
Efforts are underway to bring his body to the base camp, Bhandari said.
Earlier, 45-year-old Philipp II Santiago from the Philippines died while preparing for the summit push on May 14.
So far, over 50 climbers have successfully reached the peak this season. More than 450 climbers have been granted permits to attempt the ascent.
