BharatPe cofounder Ashneer Grover on Friday said he would cooperate with the Economic Offences Wing (EOW) hours after he and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport on the basis of a Lookout Circular (LoC) issued against the duo.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| Northwestern University | Kellogg Post Graduate Certificate in Product Management | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
| Indian School of Business | ISB Digital Transformation | Visit |
The LoC was opened against the couple at the request of the Delhi Police EoW. The Grovers were due to travel to New York.
“I had not received any communication or summon from EOW since FIR in May till 8 AM today 17 morning (7 hours after returning from airport),” he posted on X (formerly Twitter).
Also read | BharatPe vs Ashneer Grover saga: The story so far…
Grover said he was informed at immigration about the LoC.
Discover the stories of your interest
“I found it strange as have travelled 4 times internationally since FIR filed in May – never been a problem and I had not even been summoned once,” he added.
In June, the EOW registered an FIR against the couple and other family members for alleged misappropriation of funds and causing losses to the tune of Rs 81 crore to Resilient Innovations Private Limited, which runs BharatPe.
ET reported on Wednesday that 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.
According to the status report, at least eight human resources consultancy firms involved with the payments company for recruitment services had links to the relatives of Madhuri Jain – its former head of controls and the wife of cofounder Ashneer Grover.
According to the agency, the dates and bank account numbers on the invoices raised by the first five firms indicated that the invoices were fake and backdated. Around Rs 7.6 crore had been credited into these eight accounts, with most of the money coming from BharatPe’s parent, Resilient Innovations, the report said.