EOW has uncovered potential incriminating evidence against the Ashneer Grover, former MD of BharatPe.
The report reveals unexplained payments to fake HR consultancies linked to the Grover-Jain family.
EOW's Report to Delhi HC
The agency also flags fictitious transactions involving GST penalties. Amount totals to INR 81 Cr including the fake HR payments.
Fictitious Transactions
The EOW claims that to divert funds from BharatPe, the couple allegedly backdated invoices amounting to INR 7.6 Cr to pay HR agencies, some providing non-existent bank account details.
Breakdown of Alleged INR 81 Cr Fraud
Payment of INR 1.66 Cr as penalty to GST authorities and alleged embezzlement of INR 71.76 Cr via fictitious transactions
The Rest INR 73.4 Cr
Total amount alleged to have been involved in these transactions could be well over INR 81 Cr as the probe is still ongoing.
EOW Probe Is Still Ongoing
Allegations against Ashneer and Madhuri Jain Grover overlap in the civil suit and EOW criminal case; even when the investigations are in initial stages.
Conclusion
Read our full coverage on the BharatPe and Ashneer Grover Fraud here