The registered addresses of all the eight HR firms – Vardhman Marketing, Impulse Marketing, Vista Services, Evolve Bizserve, Team Source, Team Works, True Work Co, Vikash Enterprises – belong to family members or relatives of Jain (also the wife of cofounder Ashneer Grover), her father Suresh Jain, and brother Shwetank Jain, the report pointed out.
In addition, the EOW said, invoices raised by the first five firms contained numbers of bank accounts, which were not opened on the same date as that on the invoice. This means “fake invoices were created at a later stage.”
“These firms were established and their bank accounts were opened only for the purpose of siphoning funds and for causing wrongful gain to the alleged persons,” the EOW said in a status report, which was seen by ET.
In all these firms, around Rs 7.6 crore was found credited, the status report submitted to the Delhi High Court said.
Further, the EOW also stated that in the case of three HR consultancies – Evolve Bizserve, True Work and Vikash Enterprises – the know your customer (KYC) bank documents had the email ID and phone numbers of Suresh Jain.
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Mint first reported on the EOW status report on Wednesday morning. Also, due processes were not being followed by these consultancies, as done with other partner HR firms, with only invoices being sent to receive payments from BharatPe.
The EOW report also goes on to say that Madhuri Jain would periodically obtain vital information about the employees recruited by BharatPe through direct recruitment (such as industry recommendations, not involving HR consultants) and show that these hires were brought in by the alleged HR firms.
In 2020, Madhuri Jain also received Rs 1.5 crore from the bank accounts of the alleged proprietors of the eight firms, who initially received the money from BharatPe, the EOW said.
BharatPe declined to comment on the matter.
Earlier in May this year, the EOW of the Delhi Police registered a first information report (FIR) against cofounder and former managing director Grover and members of his family.
The FIR was registered on the basis of a complaint that BharatPe’s parent company had filed with the EOW against the Grovers back in 2022, accusing them of indulging in malpractices such as creating fake bills and enlisting fictitious vendors to provide services to the company.
The Delhi High Court is currently hearing the matter. Separately, BharatPe’s other cofounders, Shashvat Nakrani and Bhavik Koladiya, have also filed lawsuits in the Delhi High Court against Grover over share disputes.