New Delhi, April 24 -- The Enforcement Directorate (ED) on Thursday detained Gensol Engineering co-promoter and BluSmart co-founder Puneet Singh Jaggi from a hotel in Delhi and conducted searches against the company, a report quoting officials has said.

The ED conducted searches under the provisions of the Foreign Exchange Management Act (FEMA) at Gensol's offices in Delhi, Gurugram and Ahmedabad, according to a report by news agency PTI/

The two brothers of beleaguered Gensol Engineering, Puneet Singh Jaggi and Anmol Singh Jaggi, are under the lenses of the probe agency after markets regulatory SEBI reported them for alleged financial misconduct and diversion of funds.

According to sources quoted by PTI, Puneet Jaggi was detained by t...