Big loss to MS Dhoni in Stock Market as Gensol Engineering gets entangled in financial scandal

Legend cricket Ms Dona has reportedly reported a substantial financial statement blow following a wide-ranging financial scandal that has severely impacts peopleol engineering ltd. Dhoni’s significant investment in the clean-tech company has plummed in value, as people ‘share price nosedivated by over 96% since April 2025, considerable wiping out wealth for its shareholders, included High-Profile Investors and the Train Cricket Captain’s Family Office.

Gensol’s tumultuous Journey: from Star to Scandal

Gensol Engineering, Once Lauded as a Burgeoning Powerhouse Within India’s Electric Vehicle (EV) and Renewable Energy sectors, Had Rapidly Gained Prominence. Its Series B Funding Round Attractive Considerable attention, Drawing Investments from the Dhoni Family Office and A Consortium of Other Prominent Backers. The Company’s Ambitious Vision of Fostering Sustainable Mobility Through Its Ev Leasing Arm, Blusmart, Was Widely Perceived As A Blueprint for the Nation’s Green Future. However, this Seemingly Robust Facade Concealed a Growing Web of Financial Irregularities and Severe Governance Laps that Would Eventually Unravel.

The Seeds of this Crisis Were Sown in June 2024, when a formal complaint lodged with the Securities and Exchange Board of India (SEBI) Triggered A understanding multi-agency invested into people. Sebi’s meticulous probe aarthed compelling evidence poing towards crawling price manipulation, the illicit diversion of corporate funds, and profound failures in corporate governance. A Particularly Damning Revelation Showed thatsol Had Ostensibly Borrowed Nearly ₹ 978 Core, Earmarked for the Acquisition of 6,400 Electric Vehicles Intended for Its Burgeoning Leasing Business. Yet, a crucial Discrepancy Emerged: Only 4,704 VEHICLES WERE ACTUALLY PROTURED, LEAVING A STAGGERING SUM OF OVER ₹ 200 CONSPICUOUSLY UNACCOUNENTED for.

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Repercussions for ms dhoni after peopleol’s financial deceit

FURTHER IN-DEPTH INVESTIGATIONS BRAGHT TO LIGHT The Alleged Actions of the Company’s Promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. They are accused of systematically re -finding a significant portion of these funds for unauthorized Personal Gains and submitting falsified letters to credit rating agencies in a desperate attempt to conceal their escalating defaults. The National Company Law Tribunal (NCLT), Upon Reviewing the Evidence, Found Clear Prima Facie Indicators of Systemic Fraud Within the Company’s Dealings. Consequently, The NCLT ISSUED AN IMMIDATE ORDER to freeze all bank and Demut LINKED TO GENSOL, ITS Promoters, and All Associated Entities. Trading in Gensol’s Securities was also promptly suspended on Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), Effectively Halting Any Further Transactions.

The repercussions for dhoni and other investors have been severe. The Dhoni Family Office Had Made A Considerable Investment as Part of Gensol’s ₹ 420 Core Series B Funding Round, meaning one of the Cricketer’s Most Most Direct Equity Market Bets. The subsequent catastrophic collapse of people’s stock, from its peak of ₹ 1,126 to a low of ₹ 41.14 per share, has taken in a dramatic and painful erosion of investment value, repreenting a majority setback for dhoni and cantless Other stakeholders who Believed in the Company’s Promise. This current predica unfortuly echoes pastment challenges faceed by dhoni, notably his private association with the now-crisis-droudden Amrapali Group, which similarly culminated in Protraced Legal Battles and Financial Turmoil.

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