Ashneer Grover, the co-founder of BharatPe, along with his wife Madhuri Jain, were stopped at the Indira Gandhi International Airport on Thursday based on a lookout circular (LoC) issued against them, according to a report by Economic Times.
The couple were on their way to New York and were stopped amid a look-out circular (LoC) against them, as per the sources of the Economic Times report.
The Economic Offence Wing (EoW) of the Delhi Police requested the opening of a lookout circular (LoC) against the couple.
However, Ashneer Grover responded to all the news doing rounds about him in a long post on X and addressed the issue and cleared the air on being stopped at the airport.
"Hello ! Hello ! Kya chal raha hai India mein ? Filhaal to Ashneer stopped at airport chal raha hai janab. So facts: 1. I had not received any communication or summon from EOW since FIR in May till 8 AM today 17 morning (7 hours after returning from airport). 2. I was going to US from 16-23 November 3. At immigration they said LoC laga hua hai sir - EOW se check kar ke batate hai 4. I found it strange as have travelled 4 times internationally since FIR filed in May - never been a problem and I had not even been summoned once 5. Flight left in meantime anyways - EOW folks directed Immigration to let us out so that we can return home 6. Today morning EOW summon was home delivered - will cooperate as always No drama. LOC hatane ka process hai - I am not a flight risk - easy to prove hai. Baaki aapko jo chhaapna hai chhaapo. Picture chal rahi hai free mein - maze lo ! Baaki premature obituaries bahut baari log likh chuke hai - ‘Jatt mareya tad maniye jad terami howe’ ! Don’t pronounce me dead till 13 days after you’ve burned me at the pyre !"
The Joint Commissioner of Police (EOW), Sindhu Pillai said they were stopped at the airport on Thursday night on the LoC issued by EOW while refusing to share more details due to the ongoing probe.
EOW Files FIR Against former BharatPe MD Ashneer Grover and Family for Rs 81 Crore Fraud
In May of this year, the Economic Offences Wing (EOW) lodged an FIR against ex-managing director Ashneer Grover of BharatPe, alleging cheating and fraud amounting to Rs 81 crore. The FIR, filed by BharatPe, implicated Ashneer Grover's wife, Madhuri Jain Grover, along with family members Deepak Gupta, Suresh Jain, and Shwetank Jain.
Delhi Police Report on alleged financial irregularities in BharatPe's operations
The Delhi Police recently submitted a status report to the High Court in which it alleged financial irregularities in BharatPe's operations by co-founder Ashneer Grover and his family members. The report suggested their involvement in questionable practices, including the use of backdated invoices to channel funds. According to the report, eight HR consulting firms associated with Grover's family, such as True Work Co., Team Source, and Impulse Marketing, filed bills with closed bank accounts, indicating the potential fabrication of invoices.
The reports highlighted that despite appearing as distinct entities shared the same registered address. This raised concerns regarding their legitimacy and independence, possibly hinting at a conflict of interest. "The use of backdated invoices not only raises issues of financial impropriety but also questions the transparency and accountability of BharatPe's financial operations," stated the report.
