Delhi Police Economic Offences Wing has arrested a family member of BharatPe co-founder Ashneer Grover in connection with the alleged misappropriation of funds with the fintech company, police officials said on Friday, September 20, 2024. “Deepak Gupta, who is a brother-in-law of Mr. Grover, was arrested on Friday,” they said. Gupta was named in the FIR which was registered against …
BharatPe Group recently announced that it has completed acquiring a majority stake in Mumbai-based non-banking financial company Trillion Loans. Reportedly, the acquisition is in line with BharatPe’s aim to be a pioneer in ‘addressing credit issues for millions of consumers and businesses in India.’ The fintech firm will provide aid to Trillion Loans so that it can launch new digital …
Earlier this month, Fi, a neobank announced that it would offer P2P lending to its customers with returns of up to 9%. P2P, or peer-to-peer, lending involves a digital platform aggregating borrowers and lenders, essentially performing the role of a bank. View Full Image Mint How it works P2P loans are personal loans and they generally fetch an interest rate …
A preliminary investigation by an external specialist has highlighted two egregious instances of fraud at BharatPe, the merchant-focussed fintech firm hobbled in recent weeks by the cloud of controversy over its co-founder Ashneer Grover. These irregularities came out post a search by DGGI on 21 October 2021, just ten days before Grover got into a legal tussle with Kotak Wealth …
