Ashneer Grover's brother-in-law arrested in BharatPe fraud case

The Delhi Police Economic Offences Wing (EOW) has arrested Deepak Gupta, a relative of BharatPe co-founder Ashneer Grover, in connection with allegations of fund misappropriation.

In Short

• Deepak Gupta has been arrested over fund misappropriation allegations
• FIR filed in May 2023 against Grover and wife
• BharatPe seeks Rs 81 crore in damages in civil suit

The Delhi Police Economic Offences Wing (EOW) on Friday arrested Deepak Gupta, brother-in-law of BharatPe co-founder Ashneer Grover over fund misappropriation allegations. The arrest followed an FIR filed in May 2023 against Ashneer Grover and his wife Madhuri for charges including criminal breach of trust, cheating, and forgery.

Deepak Gupta is the husband of Madhuri Grover's sister.

According to news agency ANI, Gupta is currently being kept at EOW Police Station and will be presented before the Chief Judicial Magistrate (CJM) at Saket court soon.

Grover's wife Madhuri is facing charges under various sections, including 406, 408, 409 (criminal breach of trust), 420 (cheating), 467 (forgery), 120B (criminal conspiracy), and 201 (causing disappearance of evidence).

This recent legal action is in addition to an ongoing civil suit filed by BharatPe against Grover and his family members. The suit seeks up to Rs 81 crore in damages, alleging embezzlement of funds.

In December 2022, BharatPe filed a criminal complaint against five individuals, including its co-founder Ashneer Grover, his wife Madhuri Grover, her brother Shwetank Jain, her father Suresh Jain, and Deepak Gupta.

Following the complaint, the Economic Offences Wing (EOW) registered an FIR in May 2023, naming Grover, Madhuri, and their family members in connection with the fraud case.