BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York
BharatPe cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport Thursday on the basis of a look-out circular (LoC) issued against the two. The couple was travelling to New York, sources in the know told ET.
The LoC was opened against the two at the request of the Economic Offences Wing (EoW) of the Delhi Police. Earlier in May, the EOW registered an FIR against the couple and some other family members for alleged misappropriation of funds and causing losses worth Rs 81 crore to Resilient Innovations Private Limited, which runs BharatPe.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitAn LoC is a circular letter used by authorities to check whether a travelling person is wanted by the law enforcement agencies. A person against whom an LoC is issued cannot travel outside the country.
The couple wasn’t immediately available for comment.
Also read | BharatPe vs Ashneer Grover saga: The story so far…
Earlier this week, in a status report to the Delhi High Court, the EOW said there were discrepancies in vendor invoices and stated that some human resource (HR) consultancies involved with BharatPe had been set up to siphon off funds from the fintech unicorn.
The eight HR consultancies in question were found to be linked to relatives of Madhuri Jain, the fintech company’s former head of controls and wife of Grover. The investigation is still in its initial stages, the EOW stated.
Sources add that the couple has been asked to appear before
