BharatPe Fraud: A Deep Dive into the Allegations and Investigations

CA Aman Rajput | Last updated: 17 November 2023

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BharatPe, a prominent Indian fintech company, is embroiled in a significant fraud case involving its co-founder Ashneer Grover and his family. Allegations include the embezzlement of ₹81.28 crore through the creation of fake vendors, inflated invoices, and unauthorised personal expenses. The Economic Offences Wing (EOW) is actively investigating the matter, with BharatPe also pursuing civil damages. Grover denies all charges, claiming a smear campaign against him.

Introduction In the dynamic landscape of Indian fintech, BharatPe emerged as a frontrunner, quickly gaining prominence as a leading UPI payment platform. However, the companys ascent took a sudden and dramatic turn in early 2022, when allegations of financial irregularities surfaced, casting a da

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About the Author

CA Aman Rajput

Chartered Accountant

CA Aman Rajput, Associate Chartered Accountant, DISA, FAFDContact me at 8209604735Email ID aman.rajput @ mail.ca.in Introduction CA Aman Rajput is an entrepreneurial Chartered Accountant and Partner at ATK and Associates, headquartered in Ghaziabad. With a strong academic foundation, holding a Masters in Commerce, ... Read more

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