FIR was filed against former BharatPe CEO Ashneer Grover and his wife and family members in relation to an alleged Rs81 million fintech scam.
Economic Crimes Wing of Delhi Police (EOW) on Wednesday filed a First Information Report (FIR) against Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for alleged fraud amounting to 81 crore rupees im December 2022 a BharatPe.
“A complaint was lodged with the EOW and an investigation into the allegations against the alleged persons was launched. “Based on the content of the complaint and the investigation conducted so far, there are prima facie offenses punishable under Section 406/408/409/420/467/468/471/120B of the IPC (Indian Penal Code),” a copy said of the FIR complaint, reports sister publication Hindustan Times Mint
Were reported in eight sections of recognizable serious crimes, including 409 (Betrayal of trust of a public official, banker, dealer or agent), 420 (Fraud and fraudulent procurement of assets), 467 (Falsification of securities, wills, etc.). .) and 120B (criminal organization).
Over the past six months, Ashneer Grover, co-founder and former CEO of BharatPe, has been involved in a number of legal disputes.
He was fired from fintech in March 2022 for financial irregularities. BharatPe filed a criminal and civil lawsuit against Grover and his family in December 2022, alleging fraud and seeking damages.
In addition, BharatPe sued in Singapore arbitration to regain limited shares and prevent Grover from using the title “Founder”.In January 2023, a former employee filed another complaint against Shark Tank India. Fintech co-founder Shashvat Nakrani has also sued him for “unpaid shares”.
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BharatPe’s response to the FIR Fintech firm
called the filing of the FIR positive, saying it uncovered a number of shady transactions the family had made for their own financial gain.
“…This FIR will now allow law enforcement agencies to more thoroughly investigate crimes and bring those responsible to justice. We have full confidence in the judicial system and law enforcement agencies in our country. and we are optimistic about the rationale for this case.” .”We will continue to expand any possible cooperation with the authorities,” BharatPe said in his statement, the mint reported. MZM Legal, which advises BharatPe on criminal charges, said: “Following a detailed complaint to the EOW, a thorough investigation with extensive documentation was carried out. We are pleased that the investigation has been opened and that FIR is now registered against Ashneer, his wife and others,” said Zulfiquar Memon, managing partner.
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