Cheating-forgery case: HC permits Ashneer Grover, wife to travel abroad

The Delhi High Court on Friday permitted payment app BharatPe's former MD Ashneer Grover and his wife, facing prosecution in a cheating and forgery case, to travel abroad by directing them to furnish a surety of Rs 80 crore each.

While the couple intended to travel together to the USA from May 26 to July 1, the court permitted them to go abroad one at a time.

On the suggestion of petitioners' counsel, the court allowed Grover to travel to the USA from May 26 to June 12 and his wife Madhuri Jain Grover from June 12 to July 1.

 

Justice Subramonium Prasad said the couple shall not extend the dates of travel and shall return to India on the given dates. He made it clear that any application for the extension of stay abroad will not be entertained.

They sought the permission to travel abroad to meet their extended family members in the USA and also submitted that their son has been invited for a summer course -- National Student Leadership Conference -- at the University of California, Berkeley from June 17 to June 25.

Look Out Circulars (LOC) were issued against them at the instance of the Economic Offences Wing (EOW) in November last year in connection with the investigation in a cheating and forgery case.

The counsel for the EOW strongly objected to the pleas and raised strong objections to the present applications stating that if the petitioner and his wife are allowed to travel abroad, there is a strong possibility that they will not return to the country.

The petitioners' counsel suggested that to satisfy the investigating authorities that the couple will not flee from the country, instead of travelling together they may be permitted to go separately.

The high court, in its order, said, "The purpose of opening a Look Out Circular against a person is to ensure that the investigation is not thwarted. This court is inclined to consider the suggestion given by the counsel for the petitioners and is of the opinion that if one of the spouses remains in the country, the possibility of the other spouse not returning back is remote."

The court, which imposed several conditions on them, said the other spouse shall not leave the country during the period when one of them is travelling abroad and shall deposit the passport with the investigating authority till the other person returns to India.
 

"The petitioner is directed to furnish a security for a sum of Rs 80 crore in the form of an FDR before the registrar of this court," Justice Prasad said in the separate but similar order passed on both the petitions.

They are directed to deposit the original title deeds of the property in their respective names, the court said.

It added that the couple has to furnish details of their itinerary during their stay abroad and shall deposit their Emirates ID issued by the United Arab Emirates Government to this court.

"In case any of the above conditions are violated, the security shall be forfeited to the State," it said.

In May last year, the EOW filed an FIR against Grover, his wife Madhuri and others under eight sections of the Indian Penal Code, including 406 (criminal breach of trust), 420 (cheating and dishonesty), 467 and 468 (forgery) and 471 (using forged documents as genuine) for an alleged Rs 81-crore fraud after a complaint by fintech unicorn BharatPe.

BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through pass-through vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri and destruction of evidence.

Madhuri was the head of controls at BharatPe and was fired in 2022 after a forensic audit revealed several irregularities. Subsequently, Grover resigned as CEO in March 2022.