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‘Lookout’ circular against Ashneer Grover, wife Madhuri: Delhi HC refuses to stay

Hindustan Times  

The Delhi High Court has refused to stay the lookout circular (LOC) issued against former BharatPe co-founder Ashneer Grover and his wife Madhuri Jain in connection with the ongoing probe by the Economic Offences Wing (EOW) of Delhi Police into the alleged fintech fraud of INR 81 crore. The court observed that it would be incorrect to say the LOC was unjustified when the investigation was at a nascent stage.The couple in the plea claimed that the LOC issued against them in November last year was unwarranted as they were regularly appearing before the investigating officer and cooperating with the probe.Grover and Jain were stopped by the EOW at Terminal 3 of Delhi’s Indira Gandhi International Airport when they were travelling to New York.