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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

Tripura: Police Seize 44 Kg Of Drugs Worth Rs 2.52 Lakh At Agartala Railway Station

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Agartala (Tripura): Agartala Government Railway (GRP) Police seized 44 kg of drugs worth Rs 2.52 lakhs at Agartala Railway Station, railway police said on Tuesday.

About The Seizure

Acting on a tip-off, police on Tuesday conducted a search near the 13th rail track on the Agartala to Jirania route, near Agartala Railway Station. During the operation, authorities recovered 44 kg of dried cannabis from bushes alongside the tracks. The narcotics were allegedly being smuggled out of the state via train.

According to the police, the seized cannabis has an estimated market value of approximately Rs 2.52 lakhs. The Agartala GRP (Government Railway Police) station has launched an investigation to identify the individuals responsible for this illegal consignment. Further action will be taken based on the findings of the investigation.

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Crime

Andhra Pradesh Govt Suspends Three IPS Officers Over Actress Harassment Case

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The Andhra Pradesh government on Sunday suspended three senior IPS officers following an inquiry into the allegations made by a Mumbai-based actress, Kadambari Jethwani. The state government issued orders suspending P. Sitharama Anjaneyulu, then Director General of Police, Intelligence; Kanthi Rana Tata, the then Commissioner of Police, Vijayawada, and Vishal Gunni, then Deputy Commissioner of Police, Vijayawada.

She and her parents allegedly faced harassment at the hands of police officers at the instance of a leader of YSR Congress, which was then the ruling party in Andhra Pradesh. The suspensions were issued under Rule 3 (1) of the All India Services (Discipline & Appeal) Rules, 1969. Sitharama Anjaneyulu has been suspended on allegations of misuse of power and grave misconduct.

He had allegedly instructed the other two officials to arrest the actress, even before a formal crime had been registered. There are allegations that Kanthi Rana Tata arrested the actress based on oral instructions from his superior on January 31, 2024, before the registration of the FIR on February 2.

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Crime

UP: Man Beats Wife To Death In Amroha For Not Meeting Dowry Demands Of TVS Apache Bike & ₹3 Lakh Cash

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Amroha: In a tragic incident from Uttar Pradesh’s Amroha, a young woman named Meena was brutally beaten to death by her husband, Sundar, for not fulfilling his dowry demands. Sundar, a resident of Baikheda village, had been married to Meena for two years and had persistently demanded a TVS Apache bike and Rs 3 lakh as dowry. Despite repeated harassment over the dowry, Meena was unable to meet his demands, a situation she had confided to her father.

Meena had been staying at her father’s home in Soharka since the festival of Rakshabandhan, possibly seeking refuge from the abuse. Sundar continued visiting her daily, often having meals with her family, creating an appearance of normalcy.

Sundar Brought Meena Back Home, Later Killed Her

On Sunday night, he came to bring her back to his house. Once there, Sundar confronted her again about the dowry and, in a violent fit of rage, attacked her with sticks. Unable to force her compliance, he strangled her to death before fleeing the scene.

It was the local residents who first alerted the authorities to the murder. Upon hearing the devastating news, Meena’s family rushed to the police station, demanding immediate action against Sundar. Her father, Vijay Khadak Banshi, later lodged a formal complaint accusing Sundar, along with his mother, sister and four others, of involvement in the crime.

Case Filed, Manhunt Launched To Nab Accused

The police have registered a case based on the family’s complaint and are actively searching for Sundar, who remains at large. Meanwhile, Meena’s body has been sent for a post-mortem examination to aid in the ongoing investigation.

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