ED seized Gensol stake in Mahadev App case: Jaggi brothers to be summoned?

The Enforcement Directorate (ED) has seized a stake in Gensol Engineering as part of its ongoing investigation into the Mahadev betting app money laundering case.

Regulatory data shared on BSE for the quarter ended December 2024 shows that the ED’s Raipur zonal office is now listed as holding 520,063 shares of Gensol Engineering, classified under the ‘government holding’ category. These shares were originally held by Zenith Multi Trading DMCC, a company based in Dubai and linked to Hari Shankar Tibrewal, one of the main people being investigated in the Mahadev betting app case.