India, April 22 -- The Enforcement Directorate is reportedly preparing to question Gensol Engineering promoters Anmol and Puneet Singh Jaggi in connection with ongoing investigation into the Mahadev Book illegal betting app.

An ET report said that although the ED has not yet formally summoned the Jaggi brothers, it recently froze over 500,000 shares of Gensol Engineering.

Investigators suspect the shares were subject to artificial price manipulation, potentially linked to the Dubai-based Zenith Multi Trading DMCC, a firm reportedly associated with Mahadev scam accused Hari Shankar Tibrewal.

"The probe has revealed stock manipulation using tainted funds in the Mahadev app case, which were received in Gensol Engineering through the FPI (...