Delhi Police registers fraudulent case of INR 81cr against Ex-BharatPe MD Ashneer Grover and his wife
The Economic Offenses Wing of Delhi Police on May 10 (Wednesday) registered an FIR against former BharatPe Managing Director Ashneer Grover and his wife Madhuri Jain Grover on charges of cheating. Apart from Ashneer Grover and his wife, an FIR has also been lodged against family members including Deepak Gupta, Suresh Jain, and Shwetank Jain. This FIR has been registered on the charges of alleged fraud of Rs 81 crore.
A source said that the FIR states that the EOW received the complaint and investigated the allegations leveled against the said persons. The complaint and the investigation conducted so far make out prima facie a case of an offense punishable under Section 406/408/409/420/467/468/471/120B IPC (Indian Penal Code).
An FIR has been registered against the parties involved under eight sections of serious cognizable criminal offenses, including 409 (criminal breach of trust by a public servant, banker, merchant, or agent), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc.), 120B (criminal conspiracy ) and other streams are included.
Grover’s name has figured in five cases in the last six months. He is embroiled in a legal battle with BharatPe after allegations of financial irregularities surfaced in January 2022. Grover was sacked from the company in March last year. In December 2022, the Delhi-based fintech unicorn filed a criminal complaint against Grover and his family with the Economic Offenses Wing of the Delhi Police. In which, 81.28 crore, criminal breach of trust, conspiracy, cheating, forgery, and destruction of evidence accusations are involved.
In the same month, BharatPe also filed a civil suit in the Delhi High Court, seeking recovery of over Rs 88.67 crore from Grover and his family for damages under various heads.
BharatPe had filed an arbitration claim in Singapore to get back the restricted shares (1.4 percent) allotted to Grover and prevent him from using the title of founder of the company. In January this year, Coladia sued Grover to get back the shares transferred in December 2018.