New Delhi, April 25 -- The Enforcement Directorate on Thursday carried out searches against Gensol Engineering Limited in connection with a foreign exchange management act (Fema) probe, officials familiar with the development said.
Officials added that the agency also recorded the statement of co-promoter Puneet Singh Jaggi.
Among the places raided by ED were premises in Delhi, Gurugram and Ahmedabad.
The promoter brothers of the company - Anmol Singh Jaggi and Puneet Singh Jaggi are under the scanner of the federal probe agency following a Sebi report against them for alleged financial misconduct and diversion of funds.
The ED action is based on the Sebi order which claimed that Gensol Engineering Ltd. obtained loans from Power Finance...