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Govt Mulls SFIO Probe into Gensol Engineering Amid Allegations of Fraud

Reports that the Serious Fraud Investigation Office (SFIO) will be asked by the Ministry of Corporate Affairs (MCA)to probe Gensol Engineering Ltd. and its promoters after allegations of huge financial malpractices.<br>The move comes just days after an investigation by the MCA into the company, alleging potential funds diversion and other mal-practices.

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Govt Mulls SFIO Probe into Gensol Engineering Amid Allegations of Fraud

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  1. | |    GC 3,408.86 +715.76 SI 32.86 +1.82 CURN 14  NBHOSPITALITY » Home Business Govt Mulls SFIO Probe into Gensol Engineering Amid Allegations of Fraud  NoComments  2 MinsRead By Vaibhav April 21, 2025 Updated: April 21, 2025 — — — BUSINESS  7 Views Reports that the Serious Fraud Investigation Of?ce (SFIO) will be asked by the Ministry of Corporate Affairs (MCA)to probe Gensol Engineering Ltd. and its promoters after allegations of huge ?nancial malpractices. EN

  2. The move comes just days after an investigation by the MCA into the company, alleging potential funds diversion and other mal-practices. MCA Investigation Unearths Suspicious Transactions The ministry had also conducted an initial MCA probe into Gensol after receiving complaints and reported anomalies in ?nancial statements of the company. Sources told me the probe has come up with evidence of fund diversion by the company and its promoters. The internal governance issues, as well as investor funds — all have turned out to be gravely concerning for Gensol Engineering. SEBI Order Deepens Burden On Also aggravating the company is that, the Securities and Exchange Board of India (SEBI) recently passed an order against Gensol Engineering though its entirety is not known. So, if SEBI is lets say not satis?ed with their answer, this regulatory step by it will further weigh on the company and more on its management. Also check:- Anil Ambani’s Reliance Power Soars 20% in a Month: Is This the Start of a Major Comeback? Gensol Promoters Stake Raises Concerns And there are reports and doubts in the background of Gensol Engineering’s stake held by its promoters. The exact nature of these complaints is still somewhat blurred, but seemingly connected to the broader allegations of ?nancial malpractice and potential corporate fraud. Investors and regulators are closely watching for any shifts in the ownership of the promoters during ongoing investigations. Also check:- US President Donald Trump’s Automobiles Tariffs: Markets Plunge, Retaliation Expected Relatives of SFIO probe nears after Corporate Fraud Allegations Surface in India With the MCA probe and also the SEBI order in recent times, the SFIO probe into Gensol Engineering seems to be coming out of the woodwork. With SFIO, the top agency in India for investigating high pro?le corporate frauds at its disposal can probe the allegations in deeper manner with all expertise. it mirrors the escalation

  3. towards curbing corporate fraud in India, and audit of ?nancial malpractices that will be heard in 2025. SFIO probe would probe into the purported Gensol Engineering fraud with the SFIO inquiry being at more detailed level seeking out ?nancials and incidences of any nature of wrongdoing, if pure along with the culprits. Vaibhav KEEPREADING Aman Gupta Reacts to BluSmart Fraud: “Ethics Over Growth—Never Forget Childhood Lessons” Reliance-BP-ONGC Trio Makes Strong Debut in OALP-IX; ONGC Leads with Most Blocks, Vedanta Secures Seven Shakti Sammaan Award 2025 Honors visionaries at Grand Celebration in New Delhi , 13th April 2025 Anil Ambani’s Reliance Power Soars 20% in a Month: Is This the Start of a Major Comeback?

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