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The Delhi High Court yesterday ordered cancellation of the look out circular issued against former BharatPe Managing Director Ashneer Grover and his wife Madhuri Jain Grover after quashing of Delhi Police's Economic Offences Wing's FIR registered last year. Justice Sanjeev Narula passed the order after he was informed that a coordinate bench had yesterday quashed the FIR. The plea seeking …

Four persons were arrested for a ₹24 crore investment scam targeting 120 investors in Hyderabad. The gang, led by directors of Squares and Yards Infra Pvt Ltd and Ad Avenues Pvt Ltd, lured the victims with their buyback scheme, promising monthly returns for 100 months. However, after collecting money from the victims, they shut down the company and paid monthly …

BharatPe former co-founder and managing director Ashneer Grover on November 17 hit out at former SBI Chairman Rajnish Kumar and accused him of "delivering nothing and creating a deflection to hide behind" in a post on social media platform X. This development comes after a public argument between BharatPe co-founder Ashneer Grover and CapitalMind founder and CEO Deepak Shenoy. Amid …

Ashneer Grover, former managing director of BharatPe and Shark at Shark Tank India, has been stopped at Delhi airport on Thursday evening. The Economic Offences Wing of Delhi Police stopped Ashneer and his wife at terminal 3 of Delhi's IGI airport citing a Lookout Circular issued earlier. Sindhu Pillai, EOW's joint commissioner of police, said, ''They were detained before security …

Gowtham Ramesh, managing director of Coimbatore-based Universal Trading Solutions Pvt Ltd that allegedly duped over 1,000 depositors of several crores through Ponzi schemes, has surrendered before a court here. Sources with the Economic Offences Wing of the police said Ramesh failed to comply with bail conditions and he surrendered before the special court for the trial of cases registered under …

A special court in Mumbai has issued process against directors and promoters of India Infoline Commodities Ltd, Anand Rathi Commodities Ltd, and Geojit Comtrade Ltd in the 2013 National Spot Exchange Ltd scam. The court noted that the IO in the remand note prima facie noted several findings against the brokers, but none of them are explained in the charge …

New Delhi: The Economic Offences Wing on Wednesday registered an FIR against former BharatPe managing director Ashneer Grover, his wife Madhuri Jain Grover, and family members, including Deepak Gupta, Suresh Jain, and Shwetank Jain. From the contents of the complaint and enquiry conducted so far, prima-facie offences punishable under Sections 406/408/409/420/467/468/471/120B IPC are made out,” the FIR copy reads, a …

The Economic Offences Wing of Odisha Police arrested Dipak Kindo, Managing Director of Sambandh Finserve Private Limited, in connection with ₹ 100 crore-loan embezzlement case. “During the course of investigation it has been ascertained that the accused company, during the period from 2015 to 2020, had raised funds of more than ₹109 crores from different investors and lenders like DCB …

Bhubaneswar: The Economic Offences Wing of Odisha Police on Sunday arrested Manoranjan Sarangi, a director of Odisha InfraTech Private Limited, on the charge of illegally purchasing a land parcel, police said. Sarangi is also the Chief Financial Officer of OTV Network — a private television channel owned by BJP leader Baijayant Panda's family. Odisha InfraTech was found involved in fraudulent …