BharatPe accuses Ashneer Grover family of siphoning off company funds

Ashneer Grover's family and their relatives engaged in extensive misappropriation of company funds, including creating fake vendors through which they siphoned money, says company in statement

Since the war of words between Ashneer Grover and BharatPe’s board began two months back, the company for the first time officially accused the embattled founder’s family and relatives of misappropriating funds on Wednesday.

“The Grover family and their relatives engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company’s account and grossly abused company expense accounts in order to enrich themselves and fund their lavish lifestyles,” said BharatPe.

With Grover having stepped down from the company’s board, the focus is now likely to shift to his 8.5