The Ashneer Grover family fabricated fictitious challans, from which bank account numbers were subsequently generated, according to an EOW probe

 The Ashneer Grover family fabricated fictitious challans, from which bank account numbers were subsequently generated, according to an EOW probe

BharatPe has reported 17 incidents, including embezzlement, forgery, and criminal breach of trust, to the Economic Offenses Wing.

Bank account numbers created after those dates were identified in the first challenge of five businesses connected to the family of troubled BharatPe co-founder Ashneer Grover, who is accused of embezzling money from fintech startups while posing as a recruitment services provider. at the time of his pickup. for an early report from the Economic Offenses Wing's inquiry.

"The investigating agency received these bills from both the complaining business and the suppliers, and it was determined that these fraudulent invoices were made later on after these companies' bank accounts were opened. As stated in the status report filed with the Delhi High Court, "These companies were established and their bank accounts were opened solely for the purpose of misappropriating funds and providing wrongful benefits to the said persons."

"All eight purported HR businesses' registered addresses are linked to the claimed Madhuri Jain, her brother Shwetank Jain, and her father Suresh Jain, who are Madhuri Grover's parents. Nearly all credit entries came from the complaint business RIPL, and deposits totaling around Rs 7.60 crore were discovered in all eight of the putative entities, the statement said.

Grovers could have faced up to 10 years in prison if found guilty on the 17 charges in a criminal complaint BharatPe filed with the Economic Offenses Wing last year. The accusations included embezzlement, forgery, and criminal breach of trust.

Grover's wife Madhuri Jain authorized payments of Rs 7.6 crore to eight suppliers who did not help the business hire any staff, according to the lawsuit filed by BharatPe.

Suhail Sameer, the previous CEO of BharatPe, was employed directly by the firm but via a human resources (HR) vendor named Vikas Enterprises.

In addition, the business asserts that these eight suppliers had personal ties to Jain and his family members, who not only orchestrated these fraudulent transactions on recruiting services.

In addition, Finch Unicorn filed a legal lawsuit against Ashneer Grover, his wife Madhuri Jain, and several relatives, requesting payment of more than Rs 88 crore in damages for alleged financial mismanagement.

A section of the 2,800-page civil lawsuit that BharatPe filed against Grovers, which claimed a staggering network of fictitious invoices and embezzlement of business revenues for personal use, was previously seen and examined by Moneycontrol. As.

In addition to accusations of phony vendors and dubious transactions, the business claimed in the lawsuit that Grover made no contributions to the idea or technology behind BharatPe. It said that he got 3,192 shares in exchange for a'modest' Rs 31,920 investment in 2018, marking the start of his relationship with the firm.

The four-year-old firm has been engaged in scandal since early 2022 when its founder was accused of using improper language and after he and his wife failed to acquire finance and allocation for the Nykaa IPO via an employee of Kotak Group. was charged with making threats. Grover, Madhuri Jain.

Grover's wife, Madhuri Jain, the previous controlling head of the firm, was sacked on allegations of embezzlement while Grover took a voluntary leave of absence and subsequently resigned as its MD.