Breaking News
1. Asaduddin Owaisi counters PM Modi's Rajasthan speech: ‘That is a lie… What about you?’      2. UK Parliament approves Rwanda deportation bill      3. 2 Indian students killed in traffic collision in Arizona      4. Two Malaysian helicopters collide, 10 killed      5. Blessed with five rivers, a baked Banka gasps for irrigation, drinking water      6. What the Maldives election landslide means for India      7. Prince Harry ‘behaved like a spoiled brat’ while being evicted from Frogmore Cottage, royal expert says      8. Man pushed off 1st floor of Bareilly hotel, critical      9. Bill Gates’ ex-wife Melinda breaks silence over engagement rumors after being spotted with huge diamond ring      10. ‘Neither Cong will ever come to power…’: Amit Shah on Chidambaram's ‘repeal CAA’ vow      11. Karnataka BJP expels KS Eshwarappa who is contesting against Yediyurappa’s son      12. The Chinese ambassador to Canada, Cong Peiwu, left his post and returned to China      13. India's 17-year-old Grandmaster D Gukesh wins Candidates Chess Tournament, becomes youngest challenger for world championship title      14. Over 50 students from a coaching centre in Khed tehsil of Pune district hospitalised allegedly due to food poisoning.      15. Jammu-Srinagar national highway blocked due to landslide at Gangroo.      16. Fire breaks out at the park in Noida Sector 50.      17. National Investigation Agency (NIA) is conducting raids at nine locations in Srinagar in Jammu and Kashmir.      18. Donald Trump postpones first rally since his trial began, due to bad weather      19. Bihar: Five more held in teacher recruitment exam 'paper leak' case      20. Nine people died in a road accident in Panchola near Aklera, of Jhalawar district     

Ashneer Grover of BharatPe Faces Criminal Proceedings

  • Posted on December 9, 2022
  • News
  • By Akta Yadav
Ashneer Grover of BharatPe Faces Criminal Proceedings: The fintech giant, BharatPe has filed a suit against Ashneer Grover, his wife Madhuri Jain Grover, and their two children for inappropriate usage of company funds and other offenses. The company claims that Grover, Mrs. Grover, and some of their family members stole hundreds and thousands of Rupees from the firm to maintain their opulent lives. Ashneer Grover of BharatPe Faces Criminal BharatPe, a fintech start-up which empowers business owners to accept payments digitally through QR codes, has alleged that Ashneer Grover and his family members have used company funds for personal payments such as business class air fare, international holidays, housekeeping, rent, skincare products, electronic items and other personal things.   Ashneer Grover and Madhuri Jain Grover, the company's former co-founders, are being sued for criminal violations. The company has confirmed that BharatPe has pressed civil and criminal charges against Managing Director and Ex Co-Founder, Mr. Ashneer Grover, his wife and Ex-Head of Controls, Mrs. Madhuri Jain Grover, and other members of their family, for misuse of corporate money. Considering that the case is still pending in court, a representative for the corporation refused to comment while stating that they have full faith in our judicial system and that a just decision will be taken in their favor.   The firm has also booked cases with the Delhi Police against some of Grover’s family members along with Suresh Jain, Deepak Gupta, and Shwetank Jain.   BharatPe was founded in 2018 by Shashvat Nakrani and Ashneer Grover. However, Shashvat Nakrani left the board at the start of the year because of other events. Madhuri Jain Grover was the first to be laid off against alleged misuse of company money. Soon after this, Ashneer Grover resigned from BharatPe as the company claimed that he had exploited corporate funds to drain money by creating clients, vendors, and recruitment services that did not exist. Moreover, the company has removed Grover’s name from the list of co-founders. Meanwhile, the firm has quoted that the Grovers used the company’s expenditure accounts to support their posh lifestyle.   The company has asked the Grovers to pay a renumeration of more than Rs. 88.67 crore to settle the claim. The company has also petitioned the court for a temporary injunction leading to complete disclosure of all the assets owned by the Grovers. This also includes preventing Grover and his family from posting any defamatory posts on social media and disabling them from contacting any media outlets to have any unfavourable coverage of the company removed or erased from the record. Read More News The firm had earlier said that the Grover and his kin participated in widespread theft of corporate finances which included creating bogus suppliers through which they drained money from the company's reserves and extremely misused the company’s funds. As charges of financial misconduct surfaced during Madhuri Jain's tenure as the Controls Head at BharatPe, she was eventually forced to leave her post. But rather than risk that Grover opted to leave the company.
No Image
Akta Yadav

You May Also Like