The Ministry of Corporate Affairs (MCA) has started a suo motu investigation against Gensol Engineering. The ministry has started this investigation after SEBI imposed a ban on the promoters of the company. The Corporate Affairs Ministry is investigating the financial records and exchange filings of Gensol. Actually, the company is accused of misusing a business loan of Rs 975 crore. Due to this, the company’s stock has fallen by about 85% this year. Know the whole case in three chapters… Chapter-1: Crisis Chapter-2: Fraud Chapter-3: Beginning Gensol operates in three segments:
