BharatPe: EOW arrests Ashneer Grover's family member, money laundering case
BharatPe: Deepak Gupta, a relative of BharatPe co-founder Ashneer Grover, was arrested on Friday. An official said that Gupta is named in the FIR registered against Grover, his wife Madhuri Jain, and his family member in a fraud case of Rs 81 crore in May 2023. He said that Gupta is being questioned.
The Economic Offenses Wing of Delhi Police arrested a relative of Ashneer Grover, the co-founder of BharatPe, reportedly a fintech company, in connection with alleged money laundering. According to the police, Grover's relative Deepak Gupta was arrested on Friday. However, another official said Gupta is mentioned in the FIR registered against Grover, his wife Madhuri Jain, and his family members in May 2023 in an Rs 81 crore fraud case. The official maintained that Gupta was being questioned.
Officials said the arrest of Gupta is the second in the case so far. In August this year, the EOW arrested Amit Kumar Bansal, who was allegedly one of the members of nonexistent firms that received a payment of Rs 72 crore from the directors of BharatPe between 2019 and 2021.
BharatPe accused Grover and his family of making fraudulent payments to fictitious human resources consultants, making inflated and improper payments through pass-through vendors linked to the accused, making fake transactions in input-tax credit, and also paying bribes to GST officials. Apart from these, other accusations against the company are causing a loss of about Rs 81.3 crores by making illegitimate payments to travel agencies and fictitious invoices and also destroying evidence.
