Articles for tag: Arrests, Ashneer, BharatPe, Disputes, Fund, Grover, Legal, Misappropriation, Related, settled, severing, Significant, Ties

September 30, 2024

Ashneer Grover and BharatPe settled legal disputes, following arrests related to significant fund misappropriation, severing all ties.

BharatPe’s former co-founder Ashneer Grover and the company have settled a long-standing legal dispute following recent arrests linked to financial misappropriation at the fintech firm. As part of the settlement, Grover will no longer have any involvement with BharatPe and will transfer certain shares to the Resilient Growth Trust. Previously, allegations arose when co-founder Bhavik ...

September 30, 2024

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Business

BharatPe settles with Ashneer Grover amid fraud allegations, severing ties as the scandal escalates with arrests of associates.

BharatPe has reached a settlement with its former co-founder Ashneer Grover, who will no longer be involved with the company or hold any shares. As part of the agreement, some of Grover’s shares will be transferred to the Resilient Growth Trust, while others will be managed by his family trust. Both parties agreed to avoid ...