Ashneer Grover, his wife Madhuri Jain Grover, Deepak Gupta, Suresh Jain, and Shwetank Jain face FIR for alleged fraud worth Rs. 81.28 crore.
FIR Registered against BharartPe ex-MD Ashneer Grover
Ashneer Grover, the ex-co-founder and MD of Indian fintech firm BharatPe, and former judge on Shark Tank India season 1, is facing legal troubles as an FIR has been filed against him, his wife Madhuri Jain Grover, and family members Deepak Gupta, Suresh Jain, and Shwetank Jain by the Economic Offences Wing (EOW). Despite often making headlines for his opinions and family outings, this time it’s for the wrong reasons.
What’s in FIR copy?
An insider who provided the FIR copy to Mint revealed that the complaint filed states, “The complaint was received at EOW and enquiry has been conducted into the allegations levelled against alleged persons. From the contents of the complaint and enquiry conducted so far, prima-facie offences punishable under Sections 406/408/409/420/467/468/471/120B IPC (Indian penal code) are made out.”
— Aditi Shrivastava (@AditiS90) May 11, 2023
Last December, BharatPe lodged a complaint with the EOW of Delhi Police, accusing Ashneer and his wife Madhuri Jain Grover of committing a fraud worth INR 81.28 crore. In the same month, the fintech firm filed a civil lawsuit with the Delhi High Court. The FIR has booked the accused under eight criminal offenses, including Section 409 (criminal breach of trust by public servant, banker, merchant, or agent), Section 420 (cheating and dishonestly inducing delivery of property), Section 467 (forgery of valuable security, wills, etc.), Section 120B (criminal conspiracy), Section 465 (punishment for forgery), and Section 477A (falsification of accounts), among other violations of the penal code.
How do you make the ‘tareekhs’ count ? Make the court dates – ‘date’ dates every time. And turn up in your colourful best – add some glamour to sea of black and whites and blatant lies 😉 Super fun !! pic.twitter.com/6SYsMIXMJm
— Ashneer Grover (@Ashneer_Grover) April 17, 2023
It should be noted that the sections mentioned are non-bailable and cognizable offences. In case of conviction, the accused may be sentenced to imprisonment for a period of up to 10 years or even for life, along with a fine. Additionally, the EOW possesses the authority to apprehend Ashneer and the other accused.
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