Highlights

  • Jain was named in the preliminary investigation by Alvarez & Marsal (A&M) investigation
  • Madhuri Jain is BharatPe cofounder Ashneer Grover’s wife.

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BharatPe terminates Ashneer Grover's wife Madhuri Jain's services as head of controls

Madhuri Jain has been in charge of finances at BharatPe since October 2018

BharatPe terminates Ashneer Grover's wife Madhuri Jain's services as head of controls

New twist in the BharatPe saga, the company has fired head of control Madhuri Jain Grover weeks after she was sent on leave reportedly on the allegations of misappropriation of funds.

ET quoting unnamed sources said “It seems that the company has found certain financial irregularities in the company’s books and has strong proof on funds being ‘used’ for personal purchases."

Also watch and read: Madhuri Jain Grover lashes out after she is fired, posts video attacking BharatPe management

Reports also indicate that invoices were made for recruitment via Shwetank Jain - who is Madhuri's brother but no offers or consultancy has been recorded.

Madhuri Jain Grover was sent on leave in January after Ashneer Grover announced his leave of absence.

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Madhuri Jain's services were allegedly terminated over misappropriation of funds.

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