The Economic Offences Wing of Delhi Police has lodged a first information report (FIR) against former BharatPe co-founder and managing director Ashneer Grover, his wife Madhuri Jain Grover and two other family members.
According to a report by the Mint, the FIR has been registered against the involved parties under eight sections of serious cognizable criminal offences, which include IPC 409, IPC 420, IPC 467 and 120B.
“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," a person aware of the development, told Mint.
If the allegations get proven then Grover and his wife may face 10 years of life imprisonment.
Last December, the fintech company filed a complaint against Ashneer Grover and his family with the allegations of fraud of Rs 81 crore, breaching trust, cheating, forgery and others. It also filed a lawsuit with Delhi high court, claiming Rs 88.67 crore. Grover faced five lawsuits in the past six months. Shasvat Naukrani, one of the former co-founders also sued him for unpaid shares.
Commenting on the FIR, a BharatPe spokesperson told Moneycontrol, The registration of the FIR is a step in the right direction which unearths various suspicious transactions made by the family for their personal pecuniary gains. This FIR will now enable Law enforcement agencies to investigate deeper into criminality and bring the culprits to books. We have full faith in our country's judicial and law enforcement systems and are optimistic that this case will reach its logical conclusion. We will continue to extend all possible cooperation to the authorities," he added.