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of <h1>Gensol Engineering Probe: ED Detains Co-Promoter for Alleged Financial Misconduct and Fund Diversion Under FEMA</h1> Enforcement Directorate conducted raids on Gensol Engineering Ltd, detaining a co-promoter in Delhi. The investigation follows a SEBI report alleging financial misconduct and fund diversion. Searches were performed in multiple cities under FEMA provisions. The company reportedly misused loans from financial institutions by redirecting funds to personal assets and shell entities instead of intended purposes.
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