An investigation by the Economic Offences Wing (EOW) of Delhi Police reveals alleged financial misconduct by BharatPe co-founder Ashneer Grover and family members.
The probe disclosed the use of backdated invoices from recruitment firms linked to Grover to divert funds from the fintech unicorn.
The investigation highlights the creation of associated bank accounts after invoicing dates, raising suspicions of fund diversion through falsified invoices.
Eight human resources firms hired as consultants by BharatPe, including Vardhaman Marketing and Impulse Marketing, were allegedly connected to family members or relatives of Grover's wife.
The EOW's findings, submitted to the Delhi High Court, indicate potential financial irregularities totaling around Rs 7.60 crore.
The case, involving criminal offenses such as criminal breach of trust and cheating, was registered against Grover, his wife, and family members in June.
BharatPe has also filed a civil suit for the recovery of over Rs 88.67 crore in damages from Grover and family.
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