BharatPe Sues co-founder Ashneer Grover, his Family

Ten News Network

New Delhi, Dec 8, 2022: Fintech company BharatPe has brought a criminal suit against its former MD and co-founder Ashneer Grover and his family wherein the company is seeking up to ₹ 88.67 crore in damages for alleged cheating and embezzlement of funds.

The criminal suit alleges that Grover, his wife Madhuri Jain and other family members used fake bills, enlisted fictitious vendors to provide services to the company, and overcharged the company for recruitment.

The civil suit and criminal complaint was presented before the Delhi High Court, which further issued notices to the Grover family and directed them to respond within two weeks. The next hearing date has been set for January 9.

Summons were also issued to the other defendants, including Grover’s brother-in-law, his father and his brother. If found guilty, the defendants could face imprisonment for up to 10 years.

“Pass a decree of permanent injunction restraining the defendants (Grover and others) and/or anyone on their behalf in any manner whatsoever from making defamatory/derogatory statements concerning the plaintiff (BharatPe), its directors, employees and/or publicising, printing the same in any medium or form whatsoever,” the suit stated, while also seeking direction to the defendants to disclose their assets.

Leave A Reply

Your email address will not be published.