Business Standard

Ashneer Grover saga: A timeline of how things went wrong at BharatPe

BharatPe has filed a case against Ashneer Grover's wife, Madhuri Jain, under Section 420 for a fraud of Rs 88 crore

Ashneer Grover, co-founder and MD, BharatPe
Premium

Ashneer Grover

BS Web Team New Delhi
Fintech startup BharatPe has filed an FIR against the former head of controls, Madhuri Jain, under Section 420. Jain is the wife of former BhartPe managing director Ashneer Grover. The case will be heard in the Delhi high court on Thursday, a report by Mint said.

BharatPe sacked Jain in February on charges of misappropriation of funds. Later in March, Grover stepped down from his post and resigned from the company. Jain's firing was based on a report by Alvarez and Marshal submitted to the company's board in January. It showed irregularities related to vendor payments. 

Later, Pwc was brought

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in