FIR Lodged Against BharatPe ex-MD Ashneer Grover and Wife in Defrauding Case
Ten News Network
Mumbai (India), 11th May 2023: On Wednesday, the Economic Offences Wing (EOW) filed a first information report (FIR) against Ashneer Grover, the former managing director of BharatPe, his wife Madhuri Jain Grover, and other members of their family, including Deepak Gupta, Suresh Jain, and Shwetank Jain.
The involved parties are the subject of a FIR filed against them under eight sections of serious cognizable criminal offences, including, among others, 409 (criminal breach of trust by public servant, banker, merchant, or agent), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc.), and 120B (criminal conspiracy).
The FIR copy according to Mint reads, “The complaint was received at EOW and enquiry has been conducted into the allegations levelled against alleged persons. From the contents of the complaint and enquiry conducted so far, prima-facie offences punishable under Sections 406/408/409/420/467/468/471/120B IPC (Indian penal code) are made out.”
Grover was the target of five lawsuits over the previous six months. Following the appearance of claims of financial irregularities in January 2022, he has been involved in a legal dispute with BharatPe. Grover was fired from the organisation in March of last year.
The Delhi-based fintech unicorn filed a criminal case against Grover and his family with the EOW of Delhi Police in December 2022. The complaint accused them of 81.28 crore worth of fraud, criminal breach of trust, conspiracy, cheating, forgery, and evidence destruction.
In the same month, BharatPe also filed a civil lawsuit with the Delhi High Court, requesting that Grover and his family pay over 88.67 crore in damages under a number of different headings.
BharatPe have said in a statement, “The registration of the FIR is a step in the right direction which unearths various suspicious transactions made by the family for their personal pecuniary gains. This FIR will now enable the Law enforcement agencies to investigate deeper into the criminality and bring the culprits to books.”
The Fintech further added, “We have full faith in our country’s judicial and law enforcement systems and are optimistic that this case will reach its logical conclusion. We will continue to extend all possible cooperation to the authorities.”
