BluSmart–Gensol Governance Turmoil

The BluSmart–Gensol; saga highlights systemic lapses in CFO oversight and audit diligence on related party dealings. It is a textbook case of cascading governance failures, where strategic misalignments, weak internal controls, and compliance oversights combined to erode stakeholder trust and precipitate a liquidity crisis. What began as a promising EV ride hailing venture backed by marquee investors quickly descended into operational paralysis, regulatory sanctions, and reputational damage. GAFA’s deep analysis unlayer the multi layered breakdown—from boardroom complacency to audit lapses—and outlines the imperative for a proactive forensic framework to safeguard against similar collapses.