One of the juicy findings of the capital market regulator about the issues of alleged corporate administration in the construction and engineering firm Gensol engineering An ultra-wooden apartment was financed by the co-pomotor.
Anmol singh jaggi But it is alleged to use company funds to buy a luxurious apartment DLF According to an interim order by the Securities Exchange Board of India (SEBI), Cameliaus in Gurugram.
Jaggi bought a 7,430 -square -foot apartment in Camelias for the value of an agreement 37.92 crore, a real estate data analytics firm showed the sales deeds accessed by Cre Matrix. The registration of the property, whose purchase was executed by Capbridge Ventures LLP – is the partner named Enmol and brother Puneet Singh Jaggi – was done on August 4, 2023.
A stamp duty of The documents showed that on September 30, 2022, 2.65 crore was paid for transactions for the unit.
The apartment came with four car parking slots.
Ht.com Along with Gensol -DLF has reached both. If the response is obtained, the copy will be updated.
Spread over 17.5 acres, Camelias re-defines luxury living-a seven-star hotel, 24/7, fulfills the entire year experience. It is the house of some of India’s most successful individuals – industrialists, CXOS, startup founders and members of the aristocratic class of Delhi – many of which have spread the Kothis for these expansors, which are about 10,000 square feet of apartments in the city’s Upskale suburbs.
What does SEBI interim order say?
On October 6, 2022, Capbridge Ventures Transfer 42.94 crores for DLF Limited Anmol singh jaggi And he paid 5 crores in the form of booking advance.
After the Capbridge paid the entire payment, the apartment was re -allocated in the name of Capabridge, and According to SEBI, 5 crore advances were returned by DLF, but another respective party, matrix gas and renewable were redirected.
SEBI has stopped Gensol Engineering and Jagis Further orders in the case of a fund diversion and governance laps from securities markets. In its interim order, the regulator said that the two promoters considered the listed company as a ownership firm. In addition to purchasing high-end apartments, SEBI has accused Jagis of spatting on a luxury golf set, paying credit cards and transferring money to close relatives.
SEBI also noted that the promoters ran the company like their Piggy Bank, rooted the funds to the respective parties and spent the shareholder regardless of interest.
It appeared for the first time Hindustan Times.