The Delhi Police Economic Offences Wing (EOW) arrested Deepak Gupta, a relative of Ashneer Grover, the former Managing Director and co-founder of BharatPe, in connection with allegations of misappropriating funds from the fintech company. Gupta is currently being held at the EOW Police Station and is set to be presented before the Chief Judicial Magistrate (CJM) at Saket Court, as per ANI.
Authorities are expected to seek his custody to further investigate the case.
This arrest marks a significant development in the ongoing legal dispute between BharatPe and Ashneer Grover. The conflict began following Grover’s ouster from the company in 2022 amid accusations of financial misconduct and the alleged misuse of company resources, ANI reported.
In a related development, the Delhi High Court on September 17 granted permission for Ashneer Grover and his wife, Madhuri Jain Grover, to travel internationally. The couple challenged a Look Out Circular (LOC) issued by the EOW, which restricted their movement. The court allowed them to travel to the United Kingdom from September 28 to October 7 and to Doha from October 17 to 20, where Grover is scheduled to speak at events, the report added.
Justice Sanjeev Narula of the Delhi High Court has permitted the couple to travel internationally following a thorough examination of their petition. This decision came after carefully weighing the arguments presented by all parties involved in the case.
Advocate Rishikesh Kumar, the Special Public Prosecutor representing the Delhi Police, opposed the couple's request. Despite this objection, Justice Narula ultimately ruled in favour of the couple's travel plans.
It's worth noting that this is not the first time the couple has been allowed to leave the country. They had previously received authorisation to visit the United States, indicating a precedent for such travel permissions.
The case in question is part of a larger investigation being conducted by the Economic Offences Wing (EOW) of the Delhi Police. The probe centres around allegations of substantial financial fraud, with the amount in question reportedly reaching approximately ₹81 crores.
