BharatPe co-founder Ashneer Grover, along with his wife, Madhuri Jain, encountered a travel restriction imposed by the Delhi Police’s Economic Offences Wing (EOW), preventing them from leaving the country.
On Friday, Ashneer Grover, co-founder of BharatPe, asserted that he poses no flight risk. This statement came in response to being detained by the Delhi Police’s Economic Offences Wing (EOW), prohibiting him and his wife from departing the country.
The couple was halted at Terminal 3 of the Indira Gandhi International Airport, prompted by a lookout circular (LoC) issued by the EOW earlier this week related to the alleged BharatPe fraud case.
Expressing his surprise at the situation, Grover stated, “I found it strange as I have traveled internationally 4 times since the FIR was filed in May—never been a problem, and I had not even been summoned once.” Grover, known for his appearance as an investor on Shark Tank India season 1, mentioned that he was notified about the LoC during immigration on Friday morning.
Emphasizing a lack of drama, he explained the LoC removal process, asserting, “I am not a flight risk—easy to prove,” and assured full cooperation with the investigation.
Reasons for the Grover couple’s airport restriction:
According to Sindhu Pillai, joint commissioner of police (EOW), the couple was heading to New York and was halted before undergoing a security check.
“They were asked to return to their Delhi residence and join the probe at the EoW office at Mandir Marg next week,” she stated.
The EOW investigation reportedly uncovered recruitment firms associated with Ashneer Grover utilizing backdated invoices to divert funds.
In December 2022, BharatPe filed a criminal complaint, accusing Grover and his family of a ₹81.28 crore fraud, including ₹7.6 crore allegedly paid to HR consultants between 2018 and 2021.