BharatPe ex-MD Ashneer Grover, wife move Delhi High Court for permission to travel abroad together

The Delhi Police’s Economic Offences Wing in 2022 registered a case against Ashneer and wife Madhuri Jain Grover and their family members in 2022 for the alleged misappropriation of funds causing loss worth Rs 81 crore to Resilient Innovations Private Limited, which runs the UPI platform BharatPe.

In May, the Delhi HC had permitted the couple to travel abroad to the USA in turns, from May to June and then June to July, on the condition that their spouse stays back in India while one of them is travelling.

Ashneer was also asked to furnish a security of Rs 80 crore and also the original title deeds of his Gurgaon property as well as submit his Emirates ID issued by the UAE Government. Madhuri too was put to similar restrictions, with the court asking her to deposit a security of Rs 80 crore as well as original title deeds of a Panchsheel Park property. However, after expressing that they would be unable to deposit Rs 80 crore as deposit, the Grovers had deposited original share certificates.

Citing their compliance with the earlier court order when they were permitted to travel, the couple, through their lawyer Giriraj Subramanium, submitted that they now want to travel together – one being to the USA for a seven-day period from September 28 to October 7 and a second stretch to UAE for three days thereafter.

On November 16, 2023, when the couple was scheduled to travel to the United States, they were stopped at Indira Gandhi International Airport’s Terminal 3 and informed that there was an LOC subsisting in each of their names.

The two have challenged the LOCs before the Delhi High Court which continues to remain pending.