The Delhi Police’s Economic Offences Wing (EOW) has reportedly arrested the key vendor, Amit Kumar Bansal, involved in the BharatPe fraud case
Official sources said that Bansal was arrested on August 6 and produced before a court which sanctioned him a six-day police custody
The fintech unicorn filed a criminal complaint with the Delhi Police’s EOW against Ashneer Grover and family in December last year, alleging a fraud of INR 81.28 Cr
The Delhi Police’s Economic Offences Wing (EOW) has reportedly arrested the key vendor, Amit Kumar Bansal, involved in the BharatPe
fraud case.
As per YourStory’s report, the official sources said, on Friday (August 9), that Bansal was arrested on August 6 (Tuesday) and produced before a court which sanctioned him a six-day police custody.
The accused is under police remand at the EOW office in New Delhi’s Mandir Marg and will be produced to the court next Monday, the report added.
BharatPe’s first information report (FIR) against ousted cofounder and MD Ashneer Grover, his wife Madhuri Jain Grover, and family members, including Deepak Gupta, Suresh Jain, and Shwetank Jain was initially registered by the EOW, in May 2023.
The fintech unicorn filed a criminal complaint with the Delhi Police’s EOW against Ashneer Grover and family in December last year, alleging a fraud of INR 81.28 Cr.
The case involved Madhuri Jain’s alleged approval of payments amounting to INR 72 Cr to 30 third-party vendors that did not provide any real services or goods to the company.
Months later, the EOW’s investigation into the alleged fraud at BharatPe discovered a host of unexplained payments made to allegedly fake HR consultancies by Grover, his wife and the company’s former head of controls Madhuri Jain and family members.
Earlier this year, Grover and his wife Madhuri Jain approached the Delhi High Court to challenge the lookout circular (LOC) issued against them in connection to a probe in a cheating and forgery case.
