India, April 30 -- The concerns over corporate governance in India's booming startup ecosystem seem to have resurfaced with force and how! This is following the explosive revelations of alleged financial misconduct at Gensol Engineering and its affiliate BluSmart Mobility, leaving one to ponder exactly what had transpired. Various media reports hinted that the founders Anmol Singh Jaggi and Puneet Singh Jaggi have been barred from the securities market by SEBI after investigations revealed the diversion of company funds for personal use. It's the kind of breach that has sent shockwaves and alarm bells ringing, especially across India's clean mobility sector.

BluSmart - deemed to have been the golden child of India's electric vehicle revo...