FIR registered against ex-BharatPe co-founder Ashneer Grover, wife
The Hindu
Delhi Police Economic Offences Wing on Wednesday registered an FIR against Ashneer Grover, former Managing Director and co-founder of BharatPe, his wife Madhuri Grover and three family members for allegedly cheating and committing a fraud of ₹81 crore
The Delhi Police Economic Offences Wing on Wednesday registered an FIR against Ashneer Grover, former Managing Director and co-founder of BharatPe, his wife Madhuri Grover and three family members for allegedly cheating and committing a fraud of ₹81 crore.
The FIR was registered after a complaint by Resilient Innovations Pvt. Ltd. (BharatPe) filed in December 2022, against Ms. Grover, Mr. Grover, and their family members — Deepak Gupta, Madhuri’s brother-in-law; Madhuri’s brother, Shwetank Jain; and her father Suresh Jain.
The company had alleged a fraud of approximately ₹81.28 crore by them.While Ms. Grover’s services were terminated in February last year, Mr. Grover resigned in March, 2022.
Police said all five have been booked under IPC sections 409 (criminal breach of trust by public servant, banker), 420 (cheating and dishonestly inducing delivery of property), 416 (cheating by impersonation), 467 (forgery of valuable security), and 120B (criminal conspiracy).
A source from BharatPe told The Hindu that the accused made illegitimate payments of ₹7.6 crore to bogus HR consultants based on 86 false and forged invoices.
The source further said they also paid the Input Tax Credit and payment of penalty to GST authorities (of around ₹1.66 crore) through fictitious transactions and embezzlement of ₹71.76 crore.
“Dishonest and illegal payments were paid to travel agencies that were connected to the accused persons based on false and fabricated invoices for services already availed from genuine providers,” the source added.
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