Archive · 20 Jan 2026
ED Attaches Rs 54 Crore Assets Linked to BluSmart Fleet
The Enforcement Directorate (ED) has attached assets worth Rs 54 crore belonging to companies linked to BluSmart Fleet, an e-ride hailing service.
These assets include an apartment in Gurugram and bank balances.
The ED's investigation found that Gensol Engineering Ltd and BluSmart Fleet, along with Go Auto Pvt Ltd, misused loans from public lenders and NBFCs.
They diverted these funds for personal enrichment and other business activities, causing losses to public sector lenders.
The total outstanding loan amount is Rs 505.27 crore.
The ED has attached these assets as proceeds of crime under the Prevention of Money Laundering Act (PMLA).
ED attached assets worth Rs 54 crore linked to BluSmart Fleet and Gensol Group.
Assets include an apartment in Gurugram and bank balances of various Gensol group companies.
Investigation revealed misuse of loans from IREDA, PFC, and Toyota Financial Services India Ltd.
Loan funds were diverted for personal enrichment and other business activities, causing losses to lenders.
Total outstanding loan amount is Rs 505.27 crore, with the apartment and bank balances attached as proceeds of crime.
- Who
- Enforcement Directorate (ED), Gensol Group, BluSmart Fleet, Go Auto Pvt Ltd
- What
- Attachment of assets worth Rs 54 crore linked to misuse of loans
- When
- Provisional Attachment Order issued, details revealed on Monday
- Where
- New Delhi, Gurugram (Haryana)
- Why
- Investigation into misuse of loans by companies associated with BluSmart Fleet
- Agency
- Enforcement Directorate (ED)
- Companies Involved
- Gensol Group, BluSmart Fleet, Go Auto Pvt Ltd
- Assets Attached
- Apartment in Gurugram, Bank Balances
- Total Value Attached
- Rs 54 crore
- Total Loan Outstanding
- Rs 505.27 crore
- Lenders Affected
- IREDA, PFC, Toyota Financial Services India Ltd
- Accused Individuals
- Anmol Singh Jaggi, Punit Singh Jaggi, Ajay Agarwal
