Brothers Anmol and Puneet Singh Jaggi, Co-founders of BluSmart and publicly-listed Gensol Engineering, allegedly misdirected ₹978 crore loans towards expenses unrelated to the purpose of loans. SEBI said they used funds meant for EVs to buy luxury flats in DLF Camellias, pay personal credit card dues, invest ₹50 lakh into Ashneer Grover's Third Unicorn and buy a ₹26-lakh golf set.