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Ashneer Grover’s relative Deepak Gupta arrested by Delhi Police in BharatPe Fund misappropriation case | Mint

Livemint

Livemint · 12m ago

Ashneer Grover’s relative Deepak Gupta arrested by Delhi Police in BharatPe Fund misappropriation case | Mint

Deepak Gupta, a relative of Ashneer Grover, former Managing Director of BharatPe, has been arrested by the Delhi Police Economic Offences Wing (EOW) for allegedly misappropriating funds from the fintech company. Gupta will be presented before the Chief Judicial Magistrate for further investigation. This arrest is a significant development in the ongoing legal dispute between BharatPe and Grover, who was ousted from the company in 2022 due to allegations of financial misconduct. The Delhi High Court has also recently granted permission for Grover and his wife to travel internationally after challenging a Look Out Circular issued by the EOW.

Related News

BharatPe Fraud: Court Sends Grover’s Kin To Judicial Custody

Inc42 · 11m ago

BharatPe Fraud: Court Sends Grover’s Kin To Judicial Custody

Former BharatPe employee, Deepak Gupta, has been sent to five days of police custody by a Delhi court in connection with an alleged INR 82 crore fraud case. Gupta, who previously served as the administration and procurement head at the company, was arrested following the earlier arrest of vendor Amit Kumar Bansal. The investigation into the case is ongoing.

BharatPe Fraud: Delhi HC Allows Ashneer Grover’s Plea To Travel To Qatar On Conditions

Inc42 · 1y ago

BharatPe Fraud: Delhi HC Allows Ashneer Grover’s Plea To Travel To Qatar On Conditions

The Delhi High Court has observed that the petitioner, Ashneer Grover, has appeared before the investigating agency whenever summoned. Grover's lawyer argued that while he will attend a personal meeting abroad, his family will remain in India, making it unlikely for him to abscond. Grover and his wife, Madhuri, had moved the Delhi HC challenging the lookout circulars issued against them by the Delhi Police's Economic Offences Wing for alleged misappropriation of funds at BharatPe.

Fresh Development In BharatPe Case: Now, Ashneer Grover’s Kin Linked To The Fraud Arrested

Inc42 · 12m ago

Fresh Development In BharatPe Case: Now, Ashneer Grover’s Kin Linked To The Fraud Arrested

Deepak Gupta, brother-in-law of Grover, has been accused of instructing vendor Bansal, who was recently arrested in connection with the alleged embezzlement of funds at the company. The arrest comes after an extensive investigation and the questioning of numerous witnesses. BharatPe's internal investigation, conducted after the resignation and removal of Ashneer Grover and Madhuri Jain, uncovered various illegalities and irregularities.

Key Vendor In BharatPe Fraud Case Arrested: Report

Inc42 · 1y ago

Key Vendor In BharatPe Fraud Case Arrested: Report

The Delhi Police's Economic Offences Wing (EOW) has arrested Amit Kumar Bansal, a key vendor involved in the BharatPe fraud case. Bansal was taken into custody on August 6 and has been granted six-day police custody. The fintech company had filed a complaint with the EOW, accusing Ashneer Grover and his family of fraud amounting to INR 81.28 crore.

Ashneer's travel request to London for guest lectures rejected by Delhi Police: Report

Inshorts · 1y ago

Ashneer's travel request to London for guest lectures rejected by Delhi Police: Report

Delhi Police has rejected a request by Ashneer Grover, the ex-managing director of BharatPe, and his wife Madhuri Jain Grover to travel for guest lectures at the London School of Economics, The Indian Express reported. The Economic Offences Wing has registered an FIR against them over alleged misappropriation of funds. They were stopped from travelling to the US last year.

Ashneer Grover, wife urge Delhi HC to quash FIR following settlement with BharatPe

Economic Times

Economic Times · 11m ago

Ashneer Grover, wife urge Delhi HC to quash FIR following settlement with BharatPe

- Fintech firm BharatPe and its former co-founder Ashneer Grover have settled their disputes in an alleged Rs 81 crore fraud case. - Grover and his wife, Madhuri Jain Grover, have urged the Delhi High Court to quash the FIR filed against them, citing a settlement agreement. - The court has granted time for the submission of an affidavit in compliance with the settlement agreement and listed the matter for further hearing on October 8. - All disputes between complainant Resilient Innovations Pvt Ltd, BharatPe, and the accused parties have been settled, according to senior advocate Mohit Mathur. - The accused parties seek the quashing of the FIR registered by the Economic Offences Wing of the Delhi Police under multiple provisions of the Indian Penal Code. - BharatPe alleges that Ashneer Grover and his family caused damages through illegitimate payments, inflated transactions, forged invoices, and destruction of evidence.

‘I’ll be last man standing', says Ashneer Grover amid EOW probe in BharatPe case

Livemint

Livemint · 1y ago

‘I’ll be last man standing', says Ashneer Grover amid EOW probe in BharatPe case

Ashneer Grover, co-founder of BharatPe, has posted on social media that he will be "the last man standing" amidst the ongoing probe into allegations of fund misappropriation. The Economic Offences Wing (EOW) has stated that the investigation is still in its initial stages and that replies from various authorities are yet to be received. However, the EOW has strongly opposed Grover's plea to dismiss the case, citing the gravity of the offense and ongoing investigation. The case was filed by BharatPe against Grover and his family members last year.

BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York

Economic Times

Economic Times · 1y ago

BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York

BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport due to a lookout circular (LoC) issued against them. The Delhi Police's Economic Offences Wing (EoW) opened the LoC, investigating alleged misappropriation of funds and losses to BharatPe. The EoW reported discrepancies in vendor invoices and linked HR consultancies to fund diversion. The couple is asked to appear before the EoW next week. Grover called the accusations "baseless" and "fabricated."

Delhi HC Appoints Arbitrator For Ashneer Grover-BharatPe Dispute

Inc42 · 1y ago

Delhi HC Appoints Arbitrator For Ashneer Grover-BharatPe Dispute

A dispute has arisen between BharatPe and its ex-employee, Ashneer Grover, over allegations of confidentiality breach. The Delhi High Court has appointed an arbitrator to handle the case, with proceedings to be conducted under the rules of the Delhi International Arbitration Centre. BharatPe had sought an injunction against Grover for sharing confidential information related to the company.

BharatPe settles legal dispute with Ashneer Grover, cofounder to cease being a shareholder in fintech startup

Economic Times

Economic Times · 11m ago

BharatPe settles legal dispute with Ashneer Grover, cofounder to cease being a shareholder in fintech startup

BharatPe, a fintech firm based in New Delhi, has settled its long-standing legal dispute with cofounder Ashneer Grover. According to the settlement, Grover will no longer be associated with BharatPe or have any shareholding in the company. His shares will be transferred to a family trust, with some going to the Resilient Growth Trust and the rest managed by his family trust. The legal battle began in 2022 with allegations of misappropriation of funds. Both parties have agreed to drop the cases, and BharatPe is now focused on delivering solutions to its customers and driving growth.

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