Ashneer Grover, his wife Madhuri Jain Grover, and members of their family Deepak Gupta, Suresh Jain, and Shwetank Jain were named in a first information report (FIR) filed on Wednesday by the Economic Offences Wing (EOW) of the Delhi Police for an alleged 81 crore fraud in December 2022 that was reported by BharatPe.
“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," the FIR copy reads, reported by Hindustan Times sister publication Mint.
The eight sections of serious cognisable criminal offences they are accused of violating include 409 (criminal breach of trust by public servant, banker, merchant, or agent), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc.), and 120B (criminal conspiracy).
Over the last six months, Ashneer Grover, the co-founder and former MD of BharatPe, has been entangled in a number of court disputes.
He was fired from the the fintech in March 2022 on charges of financial irregularities. BharatPe filed a criminal charge and a civil suit against Grover and his family in December 2022, alleging fraud and seeking damages.