In a first, a family member of former BharatPe managing director and co-founder Ashneer Grover has been arrested by the Economic Offences Wing (EOW) of Delhi Police in the case of alleged misappropriation of the fintech unicorn's funds, according to sources.
"Deepak Gupta is currently being kept at Mandir Marg Police station. He will be produced infront of CJM, Saket Court where Police will seek Police remand of the accused," said a person close to the developments.
Deepak Gupta is the husband of Madhuri Grover's sister. Madhuri Grover, the wife of Ashneer Grover, was fired by BharatPe as its Head of Controls. Gupta was arrested on the night of September 19.
BharatPe had filed a criminal complaint in December 2022 against 5 accused - Ashneer Grover, Madhuri Grover, Shwetank Jain (brother of Madhuri), Suresh Jain (father-in-law of Ashneer) and Deepak Gupta (brother-in-law of Ashneer and Madhuri).
The EOW filed an FIR against BharatPe co-founder Ashneer Grover, his wife Madhuri Jain and their family members Deepak Gupta, Suresh Jain and Shwetank Jain in May 2023 in the Rs 81-crore fraud case.
Last month, the EOW had made its first arrest in the case -- Amit Kumar Bansal was nabbed on the allegation of being one of the members of the non-existing firms that had received payments of Rs 72 crore from the then directors of BharatPe between 2019 and 2021.
BharatPe has accused Grover and his family of causing losses to the firm to the tune of about Rs 81.3 crore through illegitimate payments to bogus human-resource consultants, inflated and undue payments through pass-through vendors connected to the accused, sham transactions in input-tax credit and payment of penalty to Goods and Services Tax (GST) authorities, illegal payments to travel agencies, invoices forged by Jain and destruction of evidence.
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