ECONOMIC OFFENCES WING ASHNEER GROVER
₹80 cr security must for BharatPe co-founder Ashneer Grover and wife Madhuri Jain's US Visit
The couple will also have to submit all the details of their stay, hotels, travel, and phone numbers with the court and the investigative agencies. Besides, the HC also restrained them from creating third party rights on the shares of BharatPe held by them. The court said that one of the parties would stay in India as a "mortgage" while the other travels.
Flipkart eyes quick-commerce entry; No point Googling ‘swadeshi’
Flipkart has been working to cut down the timeline of its deliveries across categories for some time now. The firm rolled out same-day delivery of products across several categories at no extra cost from February.
BharatPe gets fresh notice from MCA
BharatPe confirmed receipt of the notice and in a reply to ET’s questions, said it is related to an inquiry that started in 2022. The Registrar or Companies, an arm of the ministry, has sought additional information in a letter to the company, a spokesperson said.
NCLT tells Ashneer Grover to establish maintainability of plea against BharatPe
On Wednesday, the tribunal heard arguments on the quantum of stake Ashneer Grover, who is also the founder of BharatPe, holds in the company.
Whenever we see a line being breached, we will go back to court: BharatPe’s stand-in CEO Nalin Negi
Negi’s comments come at a time when BharatPe’s parent, Resilient Innovations, has filed a fresh case in the Delhi High Court seeking an injunction against Grover to prevent him from divulging “confidential information” related to the company.
BharatPe files fresh case against Ashneer Grover for divulging confidential information
Last week, Grover had posted on social media platform X (formerly Twitter) about the equity allocation and secondary components undertaken during the company’s Series E funding round which was led by Tiger Global and saw participation from Dragoneer Investor group among others.
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BharatPe hits Ashneer Grover with fresh case; Tesla ready to invest in India, but conditions apply
BharatPe cofounder Ashneer Grover finds himself in trouble yet again, this time for sharing the company’s confidential information on social media.
BharatPe fraud complaint: EOW summons Ashneer Grover, wife on November 21
The LoC was opened against the couple at the request of the Delhi Police EoW.
BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York
Couple stopped at Delhi airport citing look-out circular issued against them by EOW of Delhi Police
I’m not a flight risk, will cooperate with EOW: Ashneer Grover after being stopped at Delhi airport
“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),” Grover posted on X (formerly Twitter)
Ashneer Grover, wife stopped at Delhi airport; Walmart’s Q3 report card
BharatPe’s embattled cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi airport from travelling to New York. This and more in today’s ETtech Top 5.
BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York
This was done on the basis of a look-out circular (LoC) issued against the two upon request by the Economic Offences Wing of Delhi Police.
BharatPe vs Ashneer Grover saga: The story so far…
Earlier this week, Economic Offences Wing (EOW) of the Delhi Police, in a status report to the Delhi High Court, said there were discrepancies in vendor invoices putting the focus back on the long-drawn saga between the Grovers and BharatPe, which started in January 2022, with both sides fighting a bitter and public battle in court.
BharatPe probe finds invoice discrepancies, vendor linkages to Grover’s family members
The bank accounts of at least eight human resource (HR) consultancy firms involved with BharatPe for recruitment services have been found linked to relatives of former head of controls, Madhuri Jain, with some of these firms established to siphon funds from the fintech unicorn.
EOW’s latest reveals in BharatPe probe; Narayana Murthy wants India to invest in teachers
At least eight recruitment firms involved with BharatPe, which allegedly siphoned off funds from the fintech unicorn, have been found linked to family members of cofounder and former chief executive Ashneer Grover, a probe by the Economic Offences Wing (EOW) of the Delhi Police has found.
Deloitte flags sourcing from inappropriately approved vendors at BharatPe
In its latest annual report, BharatPe presented opinion of its statutory auditor that said the company's internal control system for vendor selection as well as for approval of invoices for purchase of goods and services were not operating effectively, resulting in procurements at inappropriately approved prices.
Byju’s lenders scrap talks to recast $1.2B loan; Janus Henderson cuts PharmEasy valuation further
Byju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdowns. Now, lenders have halted talks with the edtech major to restructure a $1.2 billion loan. This and more in today’s ETtech Top 5.
Delhi HC refuses to stay probe against former BharatPe executives Ashneer Grover, Madhuri Jain
The Grovers are being probed in connection with a complaint filed by BharatPe with the Economic Offences Wing of the Delhi Police, which had registered a first information report against the couple and their family members.
Delhi HC refuses to stay investigation against Ashneer Grover, wife in EOW FIR
The judge issued notice on the petition by Grover and his wife seeking to quash the FIR registered by the Economic Offences Wing (EOW) of the Delhi Police and asked the investigating agency as well as complainant BharatPe to state their stand.
Ashneer Grover says he has removed all defamatory social media posts against BharatPe
In addition to informing the court that Grover’s posts have been removed, the BharatPe cofounder's counsel said his client would abide by the court’s previous directive.
'Aisa kaun karta hai': Ashneer Grover takes a jibe at BharatPe management
Ashneer Grover, who had also co-founded BharatPe, claimed that as the comments are switched off, BharatPe investors are not able to get feedback from customers.
Google Bard comes to India; SoftBank Vision Fund logs $32 billion loss, sells 2% in Paytm
Google kicked off Google I/O, its annual developer conference, on Wednesday and made a slew of announcements. Besides launching Pixel Fold, Pixel 7a, and its first Pixel tablet, Google demonstrated some of the upgraded capabilities of its AI chatbot Bard and said it would roll it out in over 180 countries, including India.
EOW files FIR against BharatPe cofounder Ashneer Grover and his family
The family members named in the FIR include Grover’s wife Madhuri Jain Grover, as well as Deepak Gupta, Suresh Jain and Shwetank Jain.
Delhi Police file FIR against BharatPe ex-MD Ashneer Grover for alleged cheating & fraud
The Economic Offences Wing (EOW) of Delhi Police has registered an FIR against former BharatPe managing director, Ashneer Grover for cheating and fraud of Rs 81 crore. A senior police official privy to the investigation said that a complaint was received and after initial enquiry into the allegations, the FIR was registered.
BharatPe cofounder Ashneer Grover summoned by Delhi HC in unpaid shares dispute
During the hearing on Friday, Nakrani’s counsel sought an interim order from the bench of Justice Sachin Datta, referring to the similar case filed by Koladiya where the court had issued an interim order restricting Grover from creating any third-party rights on the shares.
BharatPe cofounder Shashvat Nakrani sues Ashneer Grover over unpaid shares
The latest case against Grover comes after BharatPe’s original cofounder Bhavik Koladiya had also sued the former in January this year, to reclaim his shares in Resilient Innovations, the parent entity which runs BharatPe.
Ashneer Grover’s Third Unicorn to enter fantasy sports with CrickPe
CrickPe will allow players to participate in different contests by either creating private groups or playing with real cricketers to win cash rewards.
Delhi HC restrains Ashneer Grover from creating 'interest' on Bhavik Koladiya's disputed shares
Koladiya has filed a suit to reclaim the disputed shares, saying Grover has not paid for the shares as per the agreement.
BharatPe cofounder Ashneer Grover unveils new startup The Third Unicorn, asks VCs to stay out
In his post, Ashneer Grover also highlighted an overarching framework of his upcoming venture. Taking a dig at the venture capital community, he said he only believes in “desi” (homegrown) or “self-earned” capital.
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