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Ashneer Grover and Wife to Travel to US with Court’s Permission Amid Fraud Probe

On Wednesday, the Delhi High Court granted permission for businessman Ashneer Grover and his wife, Madhuri Jain Grover, to travel to the United States.

Justice Subramonium Prasad ruled that Ashneer Grover could travel from May 26 to June 12, and upon his return, Madhuri Grover could travel from June 15

The court also directed the Delhi Police to provide written suggestions on conditions to ensure the Grovers’ return to India. “Submit the conditions by Friday, and we will include them in the order,” stated Justice Prasad.

This decision was made while addressing the Grovers’ request to travel to the US, which was filed in their ongoing plea challenging the Look Out Circular (LoC) issued against them by the Delhi Police’s Economic Offences Wing (EOW).

The Delhi Police opposed the request, arguing that Madhuri Grover was not cooperating with the investigation. “The investigation is ongoing. We are summoning the wife, but she is not cooperating. She is claiming privilege and privacy to delay the probe. We expect to complete the investigation within two months,” argued the police’s counsel.

The police also highlighted that the Grovers possess a golden visa for the UAE and have assets abroad. “He might dissipate the assets lying abroad. They are providing evasive responses. Nothing catastrophic will happen if they don’t travel.”

Advocate Giriraj Subramanium, representing the Grovers, reiterated their desire to travel to the US. Responding to the court’s insistence that one of them should remain in India, Grovers’ lawyer proposed that Ashneer Grover would travel first, and upon his return, Madhuri Grover would go.

The EOW is investigating allegations by fintech firm BharatPe that the Grovers committed fraud amounting to nearly ₹81 crore. Ashneer Grover, co-founder and former Managing Director of BharatPe, and Madhuri Jain Grover, the company’s former head of operations, left the company in early 2022. BharatPe filed a complaint against the couple in December 2022, leading to the EOW registering an FIR in May 2023. The FIR accuses them of cheating, criminal breach of trust, forgery, and criminal conspiracy under the Indian Penal Code.

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