BharatPe fraud: EOW finds fake invoices generated by Ashneer Grover family

The Economic Offences Wing’s preliminary investigation into BharatPe co-founder Ashneer Grover’s family found fake invoices and fund siphoning through the company. The investigation alleges that invoices from five companies supposedly providing recruitment services were backdated. Moreover, they were with associated bank accounts created after the invoicing dates, according to a report by Mint.

For instance, an invoice for Rs 39.9 lakh raised on 7th August 2019 was associated with a bank account created on 22nd August 2019. The report suggests these invoices were likely falsified later to facilitate fund diversion and to siphon money from BharatPe.