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BharatPe accused Ashneer Grover and his wife Madhuri of stealing company funds for a ‘Luxurious Lifestyle’

Just a day after BharatPe cofounder Ashneer Grover left the board and as managing director of the organization, the fintech monster has hit back with claims of misappropriation, installments to counterfeit merchants and siphoning cash away from the organization’s business ledger against Grover and his wife Madhuri Jain Grover, who is the previous head of controls at the organization.

“The Grover family and their relatives engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company’s account and grossly abused company expense accounts in order to enrich themselves and fund their lavish lifestyles,” said BharatPe.

These claims had surfaced before this year as well, yet depended on unsubstantiated leaks during the audit interaction inside BharatPe.

With Grover having stepped down from the organization’s board, the focus is currently liable to move to his 8.5 percent shareholding in the financial technology unicorn. Prior, he had requested an exit payout of Rs 4,000 crore, esteeming the organization at $6 billion.

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