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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

Vasai-Virar Illegal Construction Scam: ED Gets Custody Of Suspended Ex-VVCMC Deputy Director YS Reddy In Money Laundering Case

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Mumbai: The special PMLA court has allowed the Enforcement Directorate (ED) to take the custody of YS Reddy, suspended deputy director of town planning of the Vasai-Virar City Municipal Corporation (VVCMC), in the money laundering case linked to illegal constructions.

Apart from him, ex-VVCMC chief, IAS officer Anil Pawar, and builder duo, Sitaram Gupta and Arun Gupta, have been arrested. They were remanded to judicial custody for 14 days on August 20, however, the ED had reserved its right to obtain their custody for further interrogation.

Reddy was remanded to ED custody till Monday after the agency submitted that he needs to be questioned regarding the huge amount of cash and jewellery found at his residence.

The ED sought Reddy’s after a civic employee allegedly gave a statement that he along with Pawar forced him to collect and deliver bribes to them. The employee revealed that while big architects and builders had access to meet Pawar at his official residence, smaller architects would send their representatives with him to deliver cash to Pawar’s cook or other staff, said the officials.

The employee has also provided a list of 457 commencement certificates (CC) issued for projects in ‘Urban Zone’ and 129 CCs for D-Zone in lieu of bribes, they added.

The agency said that it has also recorded the statement of an architect on September 1, who claimed that Pawar and Reddy sought bribes for granting CCs. The architect said that he has negotiated and facilitated payment of bribes to the duo, as per the statement.

Besides, ED prosecutor Kavita Patil referred to the August 29 statement of a builder, who claimed that he had paid Rs4.28 crore in bribes, which were collected at a rate of Rs30 per sq ft, to the accused. The builder also claimed that he had paid around Rs15 crore to Reddy and Pawar for various approvals granted by them, said Patil.

However, Reddy’s lawyer argued that he has already given explanation to the adjudicating authority regarding the valuables seized from his residence and that seeking custody was the ED’s tactic not to submit its reply, as directed, in this regard by September 10.

Accepting the ED’s contention, the court said, “Considering the statements of witnesses and the list of CCs, the investigation cannot be completed in a proper manner without Reddy’s custody.”

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Crime

Man Who Threatened To Blow Up Mumbai With 34 Human Bombs & 400Kg RDX Ahead Of Ganpati Visarjan 2025, Arrested In Noida

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Mumbai: In a swift and coordinated operation, the Mumbai Crime Branch has arrested a 50-year-old man from Noida, Uttar Pradesh, within 24 hours after he allegedly threatened to blow up the city using human bombs and 400 kg of RDX explosives.

According to officials, on September 4, 2025, at 2:57 pm, an unidentified person sent a WhatsApp message to the government-issued mobile number of the Mumbai Traffic Control Room in Worli. The message claimed that a massive terror attack would be carried out in Mumbai using human bombs and explosives.

The threat, which came amid the backdrop of Ganesh Visarjan celebrations in the city, was taken very seriously given the potential to disrupt law and order. Acting swiftly, the Crime Branch used technical investigation and intelligence-based tracking to trace the accused. With assistance from Gautam Buddh Nagar Police in Noida, the suspect — Ashwinikumar Sureshkumar Supra (50) — was arrested. The mobile phone used to send the threatening message has also been seized.

The case has been registered under Sections 196(1)(A)(B), 351(2), 351(3) of the Bharatiya Nyaya Sanhita (BNS) at Worli Police Station.

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Crime

Mumbai: 5 Booked For Assaulting & Abusing Police During Drunk-Driving Check In Kandivali

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Mumbai: The Samta Nagar police registered a case against five individuals for allegedly physically assaulting and verbally abusing police personnel, as well as obstructing government work.

On September 2 in Kandivali East, a police team on duty was allegedly abused and pushed by relatives of a drunk-driving accused while action was being taken against him. The incident also involved attempts to obstruct government work.

A case has been registered against five people, including three women. The Samta Nagar police arrested two accused, identified as Ajay Ramesh Bamane and Ganesh Bamane, who were later released on notice. The three women—Vidya Sonawane, Vijaya Bhat, and Varsha Bamane—have been named as co-accused and declared wanted in the case.

According to the police, the incident occurred on Tuesday, September 2, at around 12:45 p.m. near the Akurli Road Subway, Big Bazaar, Kandivali. Local police had increased patrolling and blockades during Ganeshotsav to prevent any untoward incidents. That afternoon, a team from Samta Nagar Police Station, along with traffic police, was on blockade duty in the Big Bazaar area when Police Constable Surwale noticed that Ajay Bamane was driving under the influence of alcohol.

He was stopped, and action was initiated against him. At this point, his relatives—Vidya Sonawane, Vijaya Bhat, Varsha Bamane, and Ganesh Bamane—intervened and began arguing with the police. They allegedly gathered unlawfully, abused the police, and attempted to assault them to stop the action against Ajay. They reportedly tried to attack Police Constable Siddharth Kini, Sub-Inspector Garad, and Woman Constable Tandale, even scratching PSI Garad with their nails while obstructing her from performing her duty. The situation created a tense atmosphere in the area.

On receiving information, additional police personnel from Samta Nagar Police Station rushed to the spot. Ajay Bamane and Ganesh Bamane, who were found arguing with and assaulting police officers, were detained for questioning. A case was registered against all five accused under sections related to obstructing government work, abuse, pushing, and assaulting police officers.

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