Ride-sharing platform BluSmart Mobility, popularly known as BluSmart, stirred confusion online on Friday after a strange post appeared on its official X account, claiming the company had shut down months ago and that its founders had committed fraud. The viral post read, “Everyone, Blusmart company has been shut since feb’2025. Founders have done the fraud. Do not expect any refund of your wallet money. Even the employees have also not got their 4 months salary. No point messaging on social media.” Check out the post: Everyone, Blusmart company has been shut since feb’2025. Founders have done the fraud. Do not expect any refund of your wallet money. Even the employees have also not got their 4 months salary. No point messaging on social media. — BluSmart (@BluSmartIndia) October 10, 2025 The message quickly spread across social media, sparking speculation about whether it came from a disgruntled insider, a whistleblower, or simply a hacked account. Within hours, the post had triggered a wave of memes and witty reactions. One user said, “Intern still had the creds and took revenge,” while another commented, “Looks like someone from the social media team with the credentials tweeted this out of frustration over not receiving their four months’ salary.” A third user wrote, “This is actually iconic stuff.” The controversy comes barely two months after the Securities and Exchange Board of India (SEBI) upheld its earlier order against Gensol Engineering—a company that shares promoters with BluSmart—over allegations of fund diversion and corporate governance lapses. Gensol’s founders Anmol Singh Jaggi and Puneet Singh Jaggi, along with Punit K. Goyal, are also the co-founders of BluSmart. In July, SEBI ruled that the Jaggi brothers would remain barred from serving as directors or key managerial personnel in Gensol, citing concerns about misuse of loan funds, as per PTI. The regulator alleged that money intended for electric vehicle purchases had been redirected to Gensol or entities linked to the promoters. Some of these funds were reportedly used for personal luxuries, including a high-end apartment and investments in companies owned by the brothers. Puneet Singh Jaggi, in his defence, claimed he was not involved in the company’s day-to-day affairs as he had relocated to Bengaluru to pursue another venture. However, SEBI dismissed this argument, stating that as a director, he “cannot disclaim involvement,” particularly when he appeared to benefit directly through an associated firm named Wellray. Following SEBI’s findings, both Jaggi brothers stepped down as directors as Gensol entered insolvency proceedings under the oversight of a court-appointed professional. The bizarre X post has now added another layer of intrigue to BluSmart’s already troubled public image.
