Ashneer Grover sued by BharatPe for fraud
2022-12-10Fintech unicorn BharatPe has accused Ashneer Grover and his family of pilfering company funds to pay for personal expenses, including rent, plane tickets, and skincare products, as well as siphoning money to fake vendors and recruitment services.
BharatPe has sought Rs 88.67 crore in damages from the ousted MD, his wife Madhuri Jain Grover, and family members. It said Grover and his family created fictitious vendors in Panipat to provide services to BharatPe, raised fake invoices and overcharged the firm for recruitment.
BharatPe is seeking damages from Ashneer Grover and family, including a claim for payment made against the invoices of non-existent vendors, amounting to Rs 71.7 crore; payments made to vendors purportedly providing recruitment services totalling Rs 7.6 crore; Rs 5 crore in damages for loss of reputation to the company caused by tweets and other statements made by him and his family members.
BharatPe claimed Grover has been running a “vicious campaign” against the company on social media. BharatPe has filed a criminal complaint against Grover and his family with the Economic Offences Wing of Delhi Police, alleging criminal breach of trust, conspiracy, cheating, forgery and destruction of evidence.
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