Former Shark of Shark Tank India Ashneer Grover and his wife have been booked under a FinTech Fraud case. The Economic Offences Wing (EOW) of Delhi Police registered an FIR against former BharatPe managing director and Shark, Ashneer Grover for cheating and fraud of Rs 81 crore.
According to IANS, the FIR was registered on the basis of a complaint filed by the company. The complaint also mentioned the name of his wife Madhuri Jain Grover, and three relatives -- Deepak Gupta, Suresh Jain and Shwetank Jain.
Further details on the complaint are that the FIR was registered on Wednesday under sections 406 (criminal breach of trust), 408 (criminal breach of trust by clerk or servant), 409 (criminal breach of trust by a public servant, or by banker, merchant or agent), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc.), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record) and 120B (criminal conspiracy) of the Indian Penal Code at EOW police station.
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.
Ashneer's former company released a statement stating, "We welcome the registration of an FIR by the EOW in the company's complaint in relation to the criminal offences by Mr Grover, his wife Madhuri Jain and other family members. For the last 15 months, the Company has been facing a vicious and malicious campaign run by Grover against the Company, the board and its employees."
"The registration of the FIR is a step in the right direction which unearths various suspicious transactions made by the family for their personal pecuniary gains. This FIR will enable law enforcement agencies to investigate deeper into the criminality and bring the culprits to books," added further.
"We have full faith in our country's judicial and law enforcement systems and are optimistic that this case will reach its logical conclusion. We will continue to extend all possible cooperation to the authorities. MZM Legal is advising us (BharatPe) on the criminal case," it added.