 "Ashneer Grover")
Ashneer Grover (File image)
As part of the deal, some of Grover’s shares will be transferred to the Resilient Growth Trust, while the rest will be managed by his family trust. Both BharatPe and Grover have agreed not to pursue any legal action as part of their settlement.
On September 20, the Economic Offences Wing (EOW) of Delhi Police arrested Deepak Gupta, Grover’s brother-in-law, in connection with the case. The first information report (FIR) in the alleged Rs 81-crore fraud case was filed in May 2023. Gupta was named in this FIR, along with Grover and his wife, Madhuri Jain.
Gupta’s arrest was the second in this case. Before him, officials had arrested Amit Kumar Bansal, who was linked to non-existent firms that received Rs 72 crore in payments from BharatPe’s directors between 2019 and 2021.
The fintech firm was incorporated in April 2018.
First Published: Sep 30 2024 | 9:01 AM IST
