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PFC Files Police Case Against Gensol For Filing Fake Documents To Get Loans
Gensol, the parent company of all-electric vehicle (EV) app BluSmart which was providing green cab services, allegedly forged letters from its two lenders -- PFC and Indian Renewable Energy Development Agency Ltd (IREDA) -- to show that it was servicing its debt regularly. However, the claim was exposed when the credit rating agencies began verifying the letters with the lenders.
Gensol, the parent company of all-electric vehicle (EV) app BluSmart which was providing green cab services, allegedly forged letters from its two lenders -- PFC and Indian Renewable Energy Development Agency Ltd (IREDA) -- to show that it was servicing its debt regularly. However, the claim was exposed when the credit rating agencies began verifying the letters with the lenders.
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