The Fall Of Ashneer Grover: From Recorded Call To Exiting BharatPe

Date:

You’ve probably heard about Shark Tank India, haven’t you? The reality program has received extraordinary acclaim since its release. Ashneer Grover, the founder of BharatPe was one of the investors on the show.

The investor is again back in the spotlight as charges of financial fraud have arisen against his wife and brother-in-law following the abusive phone call scandal. 



BharatPe is currently investigating suspected frauds committed by its founder, Ashneer Grover. 

He took a “voluntary leave of absence” till the end of March. The business describes this leave as in the company’s best interests, workers, and investors. He and his wife may have to leave the industry.



Let us see what led to the fall of Ashneer Grover.

Ashneer Grover Downfall
Ashneer Grover Downfall

The Recruitment Scam 

This series of downfall started when BharatPe started paying the expenses of HR consultants for personnel engaged via them. The firm was hiring personnel but falsely delivering a network of staffing organizations that had nothing to do with the job. All of them looked to be linked to each other, as well as Madhuri Grover.



Investigations evaluated the invoices for the fees paid to these consultants. Employees verified the date they started working, as indicated on the vendor invoice. In addition, They denied being hired or knowing anything about the supposed consultants.

The amount paid by BharatPe for undelivered services was estimated to be close to Rs 4 crores based on an investigation. Furthermore, the organization had identical email addresses, physical addresses, etc., all situated in Panipat. Madhuri Grover, in charge of recruitment, is originally from Panipat. 

Also Read: Peyush Bansal: The Shark Who Has Become the Most-Loved In The Tank

Controversy Of The Abusive Call

Grover’s leave mentioned above of absence was linked to an audiotape of him that leaked on social media sites a few weeks ago.



Eventually, the recording went viral but has now been taken down. It entailed a phonic conversation of two clients assaulting a Bank employee. The employee worked for Kotak Mahindra Bank, and the clients were Ashneer Grover and his wife, Madhuri. 

Perhaps, Clients are overheard using foul words and threatening the employee. The efforts of the employee to calm the clients are evident in the audiotape.

However, things took a turn for the worst. Eventually, the Bank published stated that they were taking legal action against the couple for the behavior with their employee.

 

If rumors are to be believed, BharatPe is looking to remove Ashneer from his current position. So, things are not looking perfect for him in any case. Let’s see what the future holds for him, and we’ll make sure to keep you updated on that. 



Related articles

10 Best Shark Tank India Moments of All Time

Shark Tank India is one of the most popular and exciting reality TV shows on Indian television. The...

Amit Jain Net Worth: The CarDekho Founder’s Rs 2990 Crores Empire

Amit Jain, the founder of CarDekho and the new Shark Tank India judge has a net worth of...

Shark tank India: Here’s how new startups can register for funding right now

Shark Tank India, the Indian version of the international venture reality programme, has gotten a lot of interest...

What made Ashneer Grover (MD and Director) Resign from BharatPe?

Ashneer Grover, co-founder and managing director of BharatPe Company, has resigned from the business on Tuesday, 1st March...

Ashneer Grover Net Worth: 700 or 21,300 Crores- Know the Correct Amount

Ashneer Grover has a net worth of Rs 700 Crores through his various investments and businesses. He has...

Anupam Mittal Net Worth 2023 – This Shark Lives an Extravagant Life

Anupam Mittal is a well-known entrepreneur and the founder of the matrimonial site Shadi.com. This article provides a...

Fans Mock Shark Tank India S2 on Twitter After the Sharks Refuse to Invest in Recode due to Competition with Sugar Cosmetics

Shark Tank India S2 fans are left disappointed with the first episode. Twitter is buzzing with Tweets about...

Aman Gupta Net Worth 2023- boAt Co-Founder Has a Massive Empire

Aman Gupta, the co-founder of boAt, has an estimated net worth of Rs 700 Crore in 2023. He...