In a significant development in the ongoing BharatPe fraud investigation, Deepak Gupta, brother-in-law of the company’s former CEO, Ashneer Grover, has been arrested for his role in the alleged misappropriation of funds. Gupta is accused of directing a key vendor, Bansal, who was previously detained in connection with the same case.
The arrests are the result of a detailed probe into financial misconduct within BharatPe, which surfaced following the exit of Ashneer Grover and his wife, Madhuri Jain, from the company. The internal inquiry unearthed several instances of financial irregularities, leading to Gupta’s arrest, and the investigation continues.
BharatPe’s legal team had launched a comprehensive investigation that has uncovered Gupta’s involvement in orchestrating fraudulent activities. The authorities are now working to further explore the scope of the embezzlement and hold all responsible parties accountable.
Key Highlights:
- Deepak Gupta, brother-in-law of ex-CEO Ashneer Grover, has been arrested for his involvement in the BharatPe fund embezzlement case.
- Gupta allegedly instructed vendor Bansal, who was arrested earlier in connection to the fraud.
- The arrests follow an internal investigation that revealed financial misconduct linked to the former leadership of BharatPe.