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Ashneer Grover writes to RBI for probe into BharatPe’s shareholding: Report

Business Today · 1y

Former BharatPe director, Ashneer Grover, has written to the Reserve Bank of India (RBI), urging an investigation into the shareholding of the Peak XV-backed company. In a letter, Grover alleges that BharatPe deliberately committed fraud by returning Bhavik Koladiya, who was convicted of wire fraud in the US, to the company's cap table after securing licenses. Grover questions whether BharatPe would have been considered fit for a stake in Unity Small Finance Bank or allowed to acquire Liquiloans if Koladiya was part of the cap table during the license application process.