Read about the latest FIR filed against Ashneer Grover, the former MD of BharatPe, and get a sneak peek into his new company Third Unicorn. Stay updated with Jobaaj Stories.

On Wednesday, an FIR was filed against Ashneer Grover, his wife, and some other family members. The Economic Offences Wing filed FIR under eight sections of serious known criminal offenses, such as 120B (criminal conspiracy) and 467 (forgery of valuable security, will, etc.). These sections include 409 (criminal breach of trust by a public servant, or by banker, merchant, or agent), 420 (cheating and dishonestly inducing delivery of property), and 467 (forgery of valuable security, will, etc.).

Ashneer Grover has been in a vicious circle of FIR complaints. In the last 6 months, around five lawsuits have been filed against him. Following the appearance of claims of financial irregularities in January 2022, he has been involved in a legal dispute with BharatPe. Grover was fired from the organization in March of last year. 

Must Read, The Third Unicorn's CrickPe Raises Concerns with Paying Actual Players in Fantasy Sports

Currently, Ashneer is running his new company Third Unicorn, for which he was also able to raise $4 million in seed funding. Recently, he invested in a Gurgaon-based logistics company Ship Global. The company is bootstrapped and has grown by 100x in one year. In terms of Third Unicorn, it entered the world of fantasy sports through CrickPe, which has witnessed 10 lakh downloads since its launch. 

But with recent news related to the FIR, the question arises of how Ashneer Grover’s new company will look. The recent case is not the only one as a criminal case was made against Grover and his family in December 2022 by a Delhi-based fintech startup, alleging fraud of 81.28 crores, criminal breach of trust, conspiracy, cheating, forgery, and destruction of evidence. In the same month, BharatPe also filed a civil lawsuit with the Delhi High Court, requesting that Grover and his family pay over 88.67 crores in damages under several different headings.

It had made an arbitration claim in Singapore to get Grover's limited shares (1.4%) back and bar him from claiming founder status. Koladiya filed a lawsuit against Grover in January 2019 to retrieve the shares that were transferred in December 2018. 

Let us see what the road for Ashneer will look like? Stay updated about the same with Jobaaj Stories!

- Charu Kapoor

Also read, Asian Paints reports 44% growth in quarterly profits in Q4FY23!


Search Anything...!