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BharatPe has sued founder Ashneer Grover for the first time

Vivid News 24: BharatPe, a unicorn fintech business, has accused Ashneer Grover and his family of embezzling corporate funds to pay for personal expenses including rent, airfare, and beauty items in addition to paying for phony suppliers and employment agencies.

BharatPe has launched a legal complaint against Grover, his wife Madhuri Jain Grover, and members of his family, asking for 88.67 crores in damages. To give services to BharatPe, Grover and his family allegedly established false vendors in Panipat, generated phony bills, and overcharged the company for hiring.

The payments company also lodged a criminal case with the Delhi Police against Grover and his family, including Deepak Gupta, Suresh Jain, and Shwetank Jain.

Grover and his family are being sued by BharatPe for a variety of losses, including 71.7 crores in unpaid invoices from non-existent vendors, 7.6 crores in payments to vendors who allegedly provided recruitment services, and 5 crores in damages for damage to the company’s reputation brought on by tweets and other statements made by Grover and his family.

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According to BharatPe, Grover has been conducting a “vicious campaign” against the business on social media. “The civil complaint is for recovery of losses BharatPe has faced because of the acts of Ashneer, his wife, and his family,” a person with knowledge of the situation who asked to remain anonymous said.

“This is one team—headed by Madhuri Jain Grover, advised and guided by Grover, and then others—that BharatPe is going against.” Grover and Madhuri Jain According to Grover’s attorney, his client was not given notice, and “they first learned about this today through print media.”

Grover and his family were given two weeks to answer to the charges brought by the company, the Delhi High Court ordered. The following hearing is scheduled for the first week of January. BharatPe is being represented by the legal team of Trilegal in the high court civil lawsuit.

The Economic Offences Wing of the Delhi Police has received a criminal complaint from BharatPe accusing Grover and his family of criminal breach of trust, conspiracy, cheating, forgery, and destruction of evidence.

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Vivid News-24 Desk
Vivid News-24 Desk
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