Breaking news:
Saif Ali Khan’s Son Ibrahim Rushes Bleeding Father to Hospital in Auto After Car Delays | Saif Ali Khan’s Attacker Demanded Rs 1 Crore in Failed Burglary Attempt | Special Trains and Buses Arranged for Mumbai Concert Attendees
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

Supreme Court Denies Third Attempt for JEE (Advanced) but Offers Relief to Dr

The Supreme Court has allowed certain students to attempt JEE (Advanced) despite a policy reducing a

Read More
Image

Four Indian Nationals Accused in Nijjar Killing Granted Bail Amid India-Canad

Four Indian nationals charged with the assassination of Khalistani leader Hardeep Singh Nijjar have

Read More
Image

CJI Sanjiv Khanna and Supreme Court Judges Plan Private Trip to Andhra Prades

Chief Justice of India Sanjiv Khanna, along with 24 Supreme Court judges and their families, will vi

Read More