BharatPe and Ashneer Grover part ways, settlement reached in Rs 88 crore fraud dispute case

The dispute between the fintech company BharatPe and the company's co-founder Ashneer Grover has ended. With the end of the dispute, all relations between the two have also ended.

BharatPe Vs Ashneer Grover:  The dispute between the fintech company BharatPe and the company's co-founder Ashneer Grover has ended. With the end of the dispute, all relations between the two have also ended. Both parties reached this agreement with mutual consent, with which all the legal and public disputes between the two have ended. With this, Ashneer Grover will no longer be associated with BharatPe in any way. He will neither have any shareholding in the company nor any interference in the company. Let us tell you that the fintech company BharatPe had accused Ashneer Grover and his family of embezzling Rs 88.67 crore. 

Ashneer Grover and BharatPe parted ways  

Fintech company BharatPe and Ashneer Grover have now ended their disputes. Both have reached an agreement with terms, according to which Ashneer Grover has completely left the company, while the company has decided to withdraw all legal disputes against him. After this agreement, Ashneer Grover will not be associated with the company in any way and will not be a part of the shareholding. At the same time, some shares of Ashneer Grover will be transferred to the Resilient Growth Trust. While the remaining shares will be transferred by his family trust. After this agreement, BharatPe and Ashneer Grover will no longer pursue the cases filed against each other. 

What did Ashneer Grover say 

 In this case, BharatPe said that we wish Grover well. BharatPe will continue to offer industry leading solutions to merchants and customers while continuing to grow profitably. At the same time, Ashneer Grover wrote on the social media platform X that "he has reached an agreement with BharatPe." He further said that I have full faith in the board and management of BharatPe, they are working to take the company forward in the right direction. He further wrote that "I will no longer be associated with BharatPe in any way. This includes shareholding. My remaining shares will be managed by the family trust. Both parties have decided not to pursue the case further. I am confident that all parties of BharatPe will benefit from this."

What is the controversy of Rs 88 crore fraud?  

Ashneer Grover and his wife Madhuri Jain Grover were fired from BharatPe in the case of misappropriation of funds worth Rs 88.67 crore. After this, the company approached the High Court for the return of the money. Last week, the Economic Offenses Wing (EOW) of Delhi Police arrested Deepak Gupta in this case, who was from Grover's family. Earlier, another accused Amit Bansal was also arrested by the EOW.