The Economic Offences Wing (EOW) has uncovered suspicious payments made by former BharatPe CEO Ashneer Grover, his wife, and former head of controls Madhuri Jain Grover, as well as Madhuri Jain’s family members, according to sources. The EOW’s investigation into the alleged fraud at BharatPe revealed that these individuals used backdated invoices to transfer funds from the company’s accounts for recruitment commission payments. It is estimated that approximately Rs 7.6 crore was paid to fake HR consultancies, Rs 1.66 crore was paid as a penalty to GST authorities, and Rs 71.76 crore was embezzled through fictitious transactions. The total amount involved in these fraudulent activities is believed to be more than Rs 81 crore. The EOW’s status report also highlighted large sums of money being transferred between the accused individuals and their family members. Madhuri Jain was terminated from her position at BharatPe in 2022 following a forensic audit that revealed irregularities. Subsequently, Ashneer Grover resigned as CEO in March 2022. BharatPe filed a complaint alleging that Grover and his family caused damages of approximately Rs 81.3 crore through illegitimate payments to fake HR consultants and other charges.
Sources: Former BharatPe CEO Ashneer Grover and Family Allegedly Involved in Generating Fake Multi-Crore Invoices
