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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

Domino’s Pizza Outlet In Thane Raided; 140 LPG Gas Cylinders Worth ₹4.59 Lakh Seized In Major Crackdown

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Thane: In a massive crackdown, a Domino’s Pizza outlet in the Wonder Mall area of Thane was raided, leading to the seizure of 140 LPG gas cylinders worth Rs 4.59 lakh. The raid was reportedly conducted by the Rationing Department’s flying squad.

The seized LPG stock included cylinders from major oil marketing companies, including HPCL (Hindustan Petroleum Corporation Limited), BPCL (Bharat Petroleum Corporation Limited), IOC (Indian Oil Corporation), and Go Gas. The report further added that of the 140 seized cylinders, 45 are filled, while the remaining 85 are empty.

This comes at a time of the ongoing West Asia conflict, when frequent cases of long queues have been seen across the city, along with a rise in the black marketing of cylinders amid the situation.

Meanwhile, in another similar case, last week, the Rationing Department in Mumbai had carried out a major action against illegal storage and transportation of LPG cylinders, seizing goods worth over Rs 40 lakh in the Wadi Bunder–Dongri area. The operation was conducted based on confidential inputs received by Chandrakant Dange, Controller of Rationing and Director of Civil Supplies in Mumbai, who also issued special directives for immediate enforcement action.

During the raid near Wadi Bunder Bridge in Dongri, officials had intercepted eight vehicles involved in illegal transportation and seized a total of 451 gas cylinders, and the value of the total confiscated material was estimated at Rs 40.61 lakh.

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Crime

Amravati Sexual Abuse Case: Waris Pathan Refutes Mohammad Ayaz AIMIM Link, Says ‘Have No Connection With Him, But Cannot Run Bulldozer…’

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Mumbai: AIMIM leader Waris Pathan has issued a clarification that All India Majlis-e-Ittehadul Muslimeen (AIMIM) has no connection with the Amravati sexual abuse case accused, Mohammad Ayaz. Pathan’s statement came as Ayaz’s background came under scrutiny, as he was allegedly associated with the party in the past.

Social media posts showed Ayaz participating in political events and interacting with local leaders, including receiving a letter from party functionary Haji Irfan Khan. However, several such posts were deleted after the case surfaced.

Speaking on this, Waris Pathan said Ayaz had only a brief social media interaction years ago and denied any formal association. Pathan stressed that the accused must face strict legal action for the alleged crimes. “Why should he be connected to the party?” he questioned.

Though he called for strict action against the accused and said, “Such people should be put behind bars. You cannot insult a woman, and those who have done such a disgusting act, legal action should be taken against them.”

Ayaz, also known as Tanveer, has emerged as the prime accused in a disturbing case involving the alleged sexual exploitation of at least 180 minor girls in Amravati district. A resident of Paratwada city, Ayaz is accused of luring minor girls through a so-called ‘love trap,’ befriending them via social media platforms such as WhatsApp and Snapchat before allegedly exploiting them.

Authorities in Amravati district carried out a demolition drive at the residence of Mohammad Ayaz as part of an action against illegal construction linked to him. Pathan called the bulldozer action unconstitutional. Action must be taken against the accused and not his entire family. He added, “The Supreme Court has clearly said that bulldozer action without due process is unconstitutional. If there is any allegation of illegality, proper notice should be given, a reply should be taken, and only then action can be taken as per law. You cannot punish families in the name of action against one individual.”

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Crime

Mumbai Crime: Man Arrested For Stalking, Harassing Minor Girls In Housing Society In Chembur

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Mumbai: In a shocking incident, the Mumbai Police has arrested a man for allegedly stalking and harassing minor girls. the accused, identified as Asgar Shamsuddin Ansari, had targeted 12-year-old girls playing in a housing society.

The report added that the man was arrested from Chembur and a case was registered under Bharatiya Nyaya Sanhita (BNS) sections 78, 79, and the POCSO Act. The accused has been arrested and is in custody and further investigation in the case is underway.

Meanwhile, this case came just day after on April 15, a man accused of sexually exploiting at least 180 minor girls and recording more than 350 obscene videos has been arrested in Maharashtra’s Amravati district.

The accused, identified as Mohammad Ayaz, also known as Tanveer and a resident of Paratwada city, allegedly lured minor girls into a ‘love trap’ before taking them to cities such as Mumbai and Pune, where he is suspected of having recorded objectionable videos of them.

Moreover, his background has also come under scrutiny as he has allegedly been associated with the All India Majlis-e-Ittehadul Muslimeen (AIMIM) in the past. Social media posts showed him participating in political events and interacting with local leaders.

According to details shared in a memorandum submitted by BJP Rajya Sabha MP Anil Bonde to Superintendent of Police, Rural, Vishal Anand, the accused systematically targeted minors through social media platforms, including WhatsApp and Snapchat groups. Police action followed soon after, with the accused being taken into custody and sent to seven days of police custody. His mobile phone has been seized, and officials confirmed that it contains several objectionable videos which are now being examined as part of the investigation.

Authorities in Maharashtra’s Amravati district carried out a demolition drive at the residence of Mohammad Ayaz, the prime accused in a shocking case involving the alleged exploitation of minor girls, as part of action against illegal construction linked to him. The operation was conducted in Paratwada city by officials of the Achalpur Municipal Council, who demolished unauthorised portions of the one-storey house. 

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