BharatPe Ashneer Grover’s wife Madhuri Jain company funds on beauty products Dubai trips sacked ESOPs cancelled updates

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Photo source: INSTAGRAM/@ASHNEER.GROVER

India fires Madhuri Jain, wife of Ashani Grover, for spending company funds on ‘beauty products’

Highlights

  • Madhuri Jain Grover, wife of Ashnir Grover, co-founder of Bharatpee Fintech firm, has been fired.
  • He was fired for alleged financial irregularities and his ESOP was revoked.
  • There are allegations that Madhuri used the company’s funds for personal beauty treatments and travel abroad.

Madhuri Jain Grover, wife of Ashnir Grover, co-founder and managing director of Bharatpee Fintech Firm, has been sacked for financial irregularities and her ESOP has been revoked. Madhuri is alleged to have used the company’s funds for personal beauty treatments, purchase of electronic items and family trips to the United States and Dubai, sources close to the matter said.

Also, there are allegations that he paid his personal staff from the company’s account and created counterfeit invoices from known / friendly groups, they added. An email sent to Madhuri for comment was not answered, a company spokesperson confirmed the termination.

“Based on your query, we can confirm that Madhuri Jain Grover’s services have been terminated as per the terms of her employment contract,” the spokesperson said. The spokesman did not give a reason for the dismissal.

Sources, however, said that steps have been taken following an external audit commissioned by the Indian Board to look into the behavior of the growers. The stock options assigned to Madhuri have also been canceled, citing details of alleged financial irregularities in the closing letter.

Her husband was sent on a three-month leave after allegations of abusive language and fraudulent practices against Kotak Mahindra Bank employees. He has denied all allegations.

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