Breaking news:
Taiwan firm denies making pagers that detonated in Lebanon | 9 killed, 2,750 injured in Lebanon pager blasts, Hezbollah vows to punish Israel | Nobel Prize season kicks off October 7: Anticipation builds for 2024 laureates | Trump says he got 'very nice call' from Kamala Harris after assassination bid |
Logo

Delhi High Court Orders Rs 80 Crore Security for Ashneer Grover and Wife's US travel

The Delhi High Court instructs BharatPe co-founder Ashneer Grover and his wife to furnish a Rs 80 crore security deposit in property before traveling to the US, amidst allegations of fraud 

25-05-2024
image
   

Grover, to furnish a security deposit of Rs 80 crore in the form of property before traveling to the United States. Additionally, they are required to surrender their Emirates Card to prevent any potential travel to the United Arab Emirates (UAE) due to possessing a 'golden visa' granting a 10-year residence permit in the UAE.

Despite facing fraud allegations, the court has permitted the couple to travel separately to the US for their children's summer school. The Economic Offences Wing will determine the terms of their travel, and they must provide detailed travel plans to the court and investigating authorities.

The couple is prohibited from transferring BharatPe shares, and one spouse must remain in India while the other travels. Ashneer Grover plans to depart for the US on May 26 and return on June 14, while Madhuri Jain intends to travel on June 15 and return on July 1.

Economic Offences Wing's opposition to their travel request cited flight risk, overseas properties, and lack of cooperation in the ongoing investigation.

A Look Out Circular has been issued, requiring court authorization for them to leave the country. The allegations against Grover and Jain involve an alleged Rs 81 crore fraud at BharatPe.

Image

Diljit Dosanjh Faces Legal Notice from Fan Over Ticket Sales for India Tour

Diljit Dosanjh has been served a legal notice by a fan alleging unfair ticket sales practices for hi

Read More
Image

Supreme Court Halts Bulldozer Demolitions on Private Properties Until October

The Supreme Court has temporarily suspended unauthorised demolition actions against private companie

Read More
Image

Delhi High Court Grants Bail to Amit Arora and Amandeep Singh Dhall in Excise

The Delhi High Court has granted regular bail to businessmen Amit Arora and Amandeep Singh Dhall in

Read More