Jain Grover News

₹80 crores before travelling to the United States. They must furnish the security by way of property and submit their Emirates Card to ensure they do not travel to the United Arab Emirates (UAE), as they hold “golden visas," as per Hindustan Times report.Also Read | Mahindra & Mahindra Financial Services share price Today Live Updates: Mahindra & Mahindra Financial Services Stock Up in Trading TodayThe court has allowed the couple to travel separately to the US for their children's summer school after consulting with the Economic Offences Wing regarding their travel conditions.Also Read | Tech Mahindra share price Today Live Updates: Tech Mahindra Stock Falls Amid Market VolatilityAccording to the Hindustan Times report, they must share details of their stay, including hotel accommodations, travel plans, and phone numbers, with the court and the investigating agencies.According to the court's schedule, Ashneer Grover will leave for the US on May 26 and return to India on June 14, while Madhuri Jain Grover will travel to the US on June 15 and return to India on July 1, as per the report in HT.Also Read | Apollo Tyres share price Today Live Updates: Apollo Tyres Stock Plummets in Trading TodayAdditionally, the court has directed the couple not to create any third-party rights on the shares of BharatPe that they hold.

BharatPe’ , Sequoia (oh sorry they already wrapped up in India), 2 takke ke anpadh press vaale and ‘Twitter’ judges are gone! Mark my words!! (sic)," Grover said on X, formerly known as Twitter. Grover was expelled as the managing director of BharatPe in March 2022, after being accused by the company's board of extensive misappropriation of funds through his family members.

Ashneer Grover, the ousted co-founder of BharatPe, proudly revealed that his wife, Madhuri Jain Grover, stands as one of the highest female taxpayers in the country. This financial year, she contributed a substantial amount of Rs 2.84 crores in advance tax, sourced from her successful investments in startups. This isn't the first time Ashneer Grover has expressed pride in his wife's tax-paying prowess.

The BharatPe board’s decision to rope in accounting firm PwC for an independent audit is a step towards terminating the services of co-founder and managing director Ashneer Grover and his wife Madhuri Jain Grover, as their ouster can only happen after a report by a Big 4 audit firm indicts them, people familiar with the development told Moneycontrol.

The board in all its actions has followed due process in the best interest of the company and is yet to receive an interim of the final governance review report, BharatPe said in a statement criticising the allegations made against board members.