BharatPe Co-Founder Ashneer Grover and Wife Get Lookout Circular Cancelled by Delhi High Court

The Delhi High Court has ordered the cancellation of a lookout circular (LOC) issued against BharatPe co-founder Ashneer Grover and his wife Madhuri Jain Grover. The court cited the quashing of the FIR against them over allegations of cheating and forgery as the reason for the cancellation. The LOC was issued by the Bureau of Immigration at the instance of Delhi Police’s Economic Offences Wing (EOW) in view of the investigation against the Grovers in the cheating and forgery FIR. The Grovers sought the quashing of the FIRs based on a recent settlement of disputes with the fintech company. The Grovers were detained at Delhi’s international airport on November 16, 2023, while attempting to travel to the US, when they were informed about the LOC issued against them. The Economic Offences Wing of Delhi Police filed an FIR against Grover, his wife Madhuri, and others under eight sections of the Indian Penal Code, based on a complaint lodged by BharatPe. BharatPe alleged that Grover and his family caused damages of almost ₹ 81.3 crore through illegitimate payments, inflated and undue payments, sham transactions, and other alleged fraudulent activities.

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