Uttarakhand News Wire
Buisness

Fintech Unicorn BharatPe Accuses Former Co-Founder of Rs 81 Crore Fraud

Share

BharatPe, a fintech unicorn, has accused former co-founder Ashneer Grover, his wife, and three other family members of an alleged fraud amounting to Rs 81 crore. The Delhi Police’s Economic Offences Wing has filed an FIR against them under multiple sections of the Indian Penal Code, including criminal breach of trust, cheating, forgery, and more. BharatPe’s complaint alleges that the accused caused damages through illegitimate payments, inflated payments, sham transactions, illegal payments, forged invoices, and destruction of evidence. If found guilty, the accused could face imprisonment for up to 10 years or life. BharatPe has been facing a “vicious and malicious campaign” run by Grover against the company, its board, and employees for the last 15 months, according to a statement by BharatPe. The company welcomed the registration of the FIR, saying that it would allow law enforcement agencies to investigate the matter and bring the culprits to justice. The FIR sheds light on various suspicious transactions made by the accused for their personal pecuniary gains, the statement added.


Share

Related posts

Learn About V-Pay From Bajaj Allianz General Insurance’s New Motor Insurance Plan

cradmin

1:2 Bonus Issue: After Rising By 564% From One-Year Lows, The Rs 1,720 Green Energy Stock Sets A New Record

cradmin

For the overseas markets, Kia Motors is now preparing the new version of their popular SUV, the Sonet

cradmin