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Controversy around BharatPe Founder Ashneer Grover, wife gets thicker

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The controversy around BharatPe Co-founder and Managing Director Ashneer Grover is getting thicker, with reports now claiming that a preliminary probe by a third-party risk advisory firm has discovered alleged financial frauds during the period when Grover and his wife were at the helm at the fintech platform.

Through its legal firm, Shardul Amarchand Mangaldas, BharatPe had appointed Alvarez and Marsal, a leading management consultant and risk advisory firm, to look into financial irregularities at the firm and submit the report to the Board.

According to several media reports, Alvarez and Marsal submitted the report to BharatPe Board, which has raised alleged financial irregularities in recruitment processes as well as paying non-existent vendors.

Ashneer’s wife Madhuri Grover served as head of control at BharatPe since incorporation and headed procurement and admin departments.

She, along with Ashneer, has gone on voluntary leave after the controversy erupted over Ashneer allegedly using inappropriate language against Kotak Mahindra Bank’s staff.

Ashneer or his wife were yet to comment on the reports citing financial irregularities when they were at the helm.

In another twist to the ongoing BharatPe saga, Ashneer Grover wrote to the company board asking for the removal of newly-appointed CEO Suhail Sameer from the board.

In a letter to the board, Grover, who has gone on voluntary leave till March-end, asked the Board for Sameer’s removal.

“I, now, in exercise of the power vested in me by Clause 3.7 of the SHA and Clause 91.7 of the AoA do hereby withdraw, my nomination of Suhail Sameer as a Director nominated by me to the Board of Directors of the Company.

“In light thereof, I, Ashneer Grover request the Board of Directors of the Company to complete the necessary processes to record the cessation of the Directorship of Suhail Sameer as a Director of the Company,” Grover wrote in the letter.

In a statement on Friday, BharatPe said that it is “deeply pained that the integrity of the BharatPe board or individual board members is being questioned time and again”.

“The Board in all its actions has followed due process in the best interest of the company. We would urge that the confidentiality and integrity of the Governance review and board meetings is maintained by all,” the fintech platform said, adding that the Board is yet to receive any interim or final report of the review.

Earlier, reports surfaced that BharatPe had terminated Grover. But BharatPe said last week it has not terminated the services of any employee (including Grover) at this stage, and initiated an internal audit process.

Crime

Mumbai Airport Customs Seize Drugs Worth ₹13.83 Crore, 2 Passengers Arrested

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Mumbai: The Mumbai Airport Customs officers in two separate cases have seized over 13 kg of smuggled drugs having illicit market value of approx Rs 13.83 crores. Two passengers have been arrested by the Customs for smuggling contraband.

According to the agency sources, on the basis of profiling, the Customs officers at Chhatrapati Shivaji Maharaj International Airport (CSMIA) Mumbai, intercepted one passenger who had arrived from Bangkok on Monday.

“During the examination of the baggage, the Customs officers recovered 11.83 kg of suspected hydroponic weed (marijuana), with an illicit market value of approximately Rs 11.83 crores. The narcotic substance was cleverly concealed inside the checked-in trolley bag carried by the passenger,” said a Customs officer. The said passenger was then arrested under the provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act.

In another case, on the basis of specific intelligence, the Customs officers at CSMIA Mumbai intercepted and arrested one passenger who had arrived from Bangkok on Sunday. During the examination of the baggage, the Customs officers recovered 2 kg of suspected hydroponic weed with an illicit market value of approximately Rs 2 crores. The narcotic substance was cleverly concealed inside the checked-in trolley bag carried by the passeng

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Crime

Thane Crime: Senior Citizen’s Bag With Gold Worth ₹58,000 Stolen In Rickshaw By Woman With Child In Dombivli

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Thane: A 76-year-old woman’s bag containing a gold chain, a gold ring, and cash worth Rs 58,000 was stolen in a rickshaw in Dombivli by a woman travelling with a small child. The incident took place last Friday, after the victim, Vijaya Bhosale, returned from Ganpati celebrations in Konkan and hired a direct rickshaw from Pandit Dindayal Chowk to her home in Thakurwadi, near Dombivli West railway station.

As the rickshaw began its journey, a 40-year-old woman with a child forcibly entered the vehicle, despite Bhosale stating she had hired it for a solo trip. During the ride, the woman attempted to touch the gold chain around Bhosale’s neck.

When questioned, the woman denied any wrongdoing. However, she had placed her bag close to the elderly woman and managed to steal the gold ornaments and Rs 4,500 in cash from Bhosale’s wallet without being noticed.

It was only after reaching home and attempting to use her phone that Bhosale discovered the valuables were missing. She then realised the theft likely occurred during the shared rickshaw ride. A complaint has been registered at Vishnunagar police station, and authorities suspect the woman who forced her way into the rickshaw is responsible, as reported.

Reports suggest that some women have been targeting passengers near Dombivli railway station, using similar tactics. Complicating the investigation, CCTV cameras in the area were not operational at the time of the incident, making it more difficult for police to track down the suspect, described as chubby and accompanied by a child.

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Crime

Mumbai: Drunk Man Attacks Woman Doctor, Vandalises Her Audi Car In Powai; Case Filed

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Mumbai: A 31-year-old woman doctor was allegedly attacked by a drunken man who also vandalised her luxury Audi car in Powai in the early hours of Sunday. The victim, employed at Asian Heart Hospital in Bandra Kurla Complex, had just returned home from duty when the incident occurred, leaving her shaken.

The doctor reached Filterpada around 5 am and parked her red Audi car near a tempo stand before walking towards her residence. Suddenly, a man identified as Abdullah Zuber Khan, a local resident of Pathanwadi, confronted her. Allegedly under the influence of alcohol, Khan was armed with a 1.5-foot knife and a three-foot-long iron rod. Without provocation, he reportedly charged at the woman, forcing her to flee to safety.

The doctor managed to escape and rushed home, later returning with her mother and brother. By then, Khan had shifted his aggression towards her vehicle, smashing the Audi parked near Shreenath Medical. He reportedly shattered the rear and side windows of the car. When confronted by the family, Khan allegedly brandished his knife, shouted threats and caused panic among locals before fleeing the scene.

The shaken doctor immediately alerted the police control room. A patrol team, including a male and female constable from Powai police, quickly arrived at the spot. The officers assured the woman of protection, began searching for the accused and directed her to lodge a formal complaint at Powai Police Station.

Based on her statement, the police registered a case against Khan for attempted assault, criminal intimidation, vandalism and creating public disturbance. He has been booked under relevant sections of the Indian Penal Code, and copsare working to trace his whereabouts.

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