New Delhi: Ashneer Grover, co-founder of Bharat Pay, has been accused of massive fraud. Fintech unicorn firm Ashneer Grover, his wife Madhuri Jain Grover, his family members Deepak Gupta, Suresh Jain and Swethank Jain have been accused by the Delhi Police’s Economic Offenses Wing of being involved in a financial fraud of Rs 81 crore.
The Economic Offenses Wing of the Delhi Police has registered an FIR under eight sections of the Indian Penal Code against Ashneer Grover, the co-founder of Bharat Pay Sansthan, and his family. The sections under which the complaint was filed include sections 406 (punishment for breach of trust), 408 (criminal breach of trust by clerk), 409 (cheating government servant or bank employee, businessman), 420 (cheating), 467 (cheating). valuables or documents) forgery), Sections 468 (forgery with intent to defraud), 471 and 120B.
According to an FIR filed with the police, Bharat Pay recently conducted an internal probe into the company’s financial transactions. That financial review found evidence of numerous irregularities and illegal activities. Bharat Pay has accused Ashnir Grover and his family of illegal financial transactions worth Rs 81.3 crore. Various HR Consultants or HR Consultants Rs. Ashini Grover’s wife Madhuri Jain has been accused of forging documents and destroying evidence.
If convicted, Ashini Grover, his wife and family could face up to 10 years in prison. The Economic Offenses Branch also has the power to arrest them.
