BharatPe Co-founder Ashneer Grover Faces Ongoing Probe Amidst Controversy

BhartPe co-founder, Ashneer Grover, who was ousted as the managing director in March 2022, took to social media on November 15 to assert his resilience. Grover, currently under investigation for alleged fund misappropriation through family members, posted on X, formerly known as Twitter, expressing his determination to be the “last man standing” after the controversy subsides.

The Economic Offences Wing (EOW) of Delhi Police, conducting the probe, claims that Grover and his family utilized backdated invoices to siphon off funds. Despite Grover citing the investigation’s preliminary stage and pending replies from authorities, the EOW strongly opposes dismissing the case, emphasizing the gravity of the offense and ongoing investigation.

Previously accused by BharatPe’s board of extensive fund misappropriation, Grover faces a challenging legal battle. The EOW’s resistance to case dismissal underscores the seriousness of the allegations. The controversy, marked by Grover’s expulsion and ongoing legal proceedings, highlights the complexities within the fintech sector and the repercussions of alleged financial irregularities.

As the investigation unfolds, the fate of BharatPe and its co-founder remains uncertain, with legal battles and public statements shaping the narrative of this high-profile corporate scandal.