Anmol Singh Jaggi's lavish spent: DLF Camellias apartment, £ 1.86 in dirhams, £ 26 lakh in golf gear and spa sessions | Company Business News

Sebi’s interim order on Gensol Engineering revealed that the co-founder of Blusmart Anmol Singh Jaggi’s lavish lifestyle expenses-from multiple DLF Camellias apartment, to possession of £ 1.86 in Dirhams, £ 26 lakh to golf equipment and SPA sessions worth Lakhs. Sebi banned Anmol Singh Jaggi, CMD of Gensol Engineering and co-founder of Blusmart Mobility, to participate in the security market for further orders. (Anmol Jaggi via LinkedIn) The interim order of Securities and Exchange Board of India (Sebi) on Gensol Engineering revealed that the co-founder of Blusmart Anmol Singh Jaggi’s extravagant lifestyle expenses. On April 15, the Markets Watchdog Gensol Engineering’s founders Anmol Singh Jaggi and Puneet Singh Jaggi banned from holding key positions in the business and participating in the security market for further orders. The two were accused of not repaying debt related to the purchases of electric vehicles for the startup of extinguishers. The SEBI ordering document shows how Anmol Singh Jaggi bought a multi-Crore DLF Camellias apartment, had £ 1.86 from Dirhams, bought golf equipment worth £ 26 and dedicated in spa sessions with accounts reaching lakhs. Anmol Singh Jaggi’s lavish lifestyle: How extinguisher derived money for private expenses according to the Sebi document, Anmol Singh Jaggi derived nearly £ 25.76 from Blusmart’s financing funds for personal and family use, including elaborate spending on credit card, spa-sessions, watches, watches, watches. We look: Family: Anmol Jaggi’s wife received £ 2.98, while his mother received £ 6.20 crore business funds. Foreign Exchange, Investments: It has also been found to have UAE Dirhams worth $ 1.86, the document showed. It also showed personal investment of £ 23 lakh in ICICI securities; and personal credit card spending over £ 9.95 lakh. Luxury gifts and lifestyle expenses: The document also showed cost of £ 26 Lakh on a golf set of TaylorMade; In addition to £ 17.28 Lakh for purchases from Titan Company; £ 8 lakh at Mayo Design, £ 10.36 Lakh on Spa sessions; and £ 3 Lakh on MakemyTrip for personal travel. DLF Camellias apartment worth £ 5 bought with gensolf funds, except this, showed the documents that Anmol Singh Jaggi used gensolf funds to pay £ 5 for a DLF Camellias apartment in Gurgaon. The order showed that about £ 42.94 of a larger loan insured by Gensol was derived by Anmol Singh Jaggi, Capbridge Ventures promoted to buy the DLF Camellias House. Other major ticket investments include £ 50 Lakh of Gensol Funds, which is invested in Asherver Grover’s new startup, Third Unicorn. In general, the use of company funds for personal and luxurious expenses from Gensol books has been written off, causing investors in the company to losses. First published: 16 Apr 2025, 11:30 am Ist