Investors rarely turn against the founders they back, but Info Edge Ltd has taken an unusual step. Last week, the consumer internet group filed a first information report against Rahul Yadav, founder of its portfolio company 4B Networks, and several key executives, alleging misuse of company funds. The dispute dates back to early 2023, when 4B Networks, a real estate-focused …
A 25-year-old man from Gurugram, who has been living in Australia since 2018, received a show-cause notice from the Income Tax department for GST evasion on March 31. The notice, sent to Divyrup Singh Mann via email, revealed financial transactions worth over ₹133 crores, leading to the discovery of a shell company fraudulently operating under his name in Delhi, police …
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 …
