Breaking news:
IndiGo Flight to Agartala Struck by Lightning, All 141 Passengers Safe | 4 Dead After Temple Roof Caves In at Maharashtra Shrine | Modi to Join President Murmu in Odisha Village for Birthday, Development Push
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

Delhi High Court Upholds Temporary Telegram Block Ahead of NEET-UG Retest, Sp

Backing the Centre’s concerns over exam security, the Delhi High Court has allowed a temporary res

Read More
Image

Supreme Court Says Homemakers Are ‘Nation Builders’, Recognises Economic

In a landmark observation, the Supreme Court emphasised that women managing households contribute fa

Read More
Image

Supreme Court Questions NTA Over NEET-UG Leak, Demands Stronger Accountabilit

The Supreme Court has raised serious concerns over the NEET-UG paper leak, questioning how the breac

Read More