https://www.taxtmi.com/news?id=41712 Potential federal investigation into alleged diversion of corporate funds by Gensol Engineering promoters, with Enforcement Directorate considering action under anti money laundering law and probing possible foreign exchange law violations. Regulatory findings indicate promoters treated the listed company as a proprietary vehicle, diverting loans and corporate monies to personal expenses and related parties, prompting asset freezes of shares linked to entities associated with an alleged hawala operator and reinvestment of proceeds into Indian securities via FPIs. en-us Tue, 22 Apr 2025 20:46:03 +0530 Tue, 22 Apr 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41712 Potential federal investigation into alleged diversion of corporate funds by Gensol Engineering promoters, with Enforcement Directorate considering action under anti money laundering law and probing possible foreign exchange law violations. Regulatory findings indicate promoters treated the listed company as a proprietary vehicle, diverting loans and corporate monies to personal expenses and related parties, prompting asset freezes of shares linked to entities associated with an alleged hawala operator and reinvestment of proceeds into Indian securities via FPIs. News - Tue, 22 Apr 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=41712