New Delhi: One of the founders of online marketplace Shopclues has accused his wife and another co-founder of trying to take control of the company valued at over $1.1 billion earlier this year. Sandeep Aggarwal, who says he was the original founder of the company launched in 2011, has filed a police complaint against his wife Radhika and Sanjay Sethi, the chief business officer and CEO respectively. Police have registered a First Information Report or FIR against the two on the orders of a Delhi court.
The court held that "a prima facie case for commission of cognisable offences is made out."
Mr Aggarwal had alleged that his wife and his friend Mr Sethi had conspired together and fabricated several documents to gain control over the company.
Mr Aggarwal claimed that while he was facing charges of insider trading in a separate case in the US, Ms Aggarwal and Mr Sethi conspired along with others to oust him from his own firm. According to the FIR, the US Department of Justice and the Federal Bureau of Investigation (FBI) had charged Mr Aggarwal with insider trading in July 2013, for which he had to remain in that country.
Mr Aggarwal has accused the two of criminal conspiracy, breach of trust, forgery and cheating.
The court held that "a prima facie case for commission of cognisable offences is made out."
Mr Aggarwal had alleged that his wife and his friend Mr Sethi had conspired together and fabricated several documents to gain control over the company.
Mr Aggarwal claimed that while he was facing charges of insider trading in a separate case in the US, Ms Aggarwal and Mr Sethi conspired along with others to oust him from his own firm. According to the FIR, the US Department of Justice and the Federal Bureau of Investigation (FBI) had charged Mr Aggarwal with insider trading in July 2013, for which he had to remain in that country.
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Mr Aggarwal has accused the two of criminal conspiracy, breach of trust, forgery and cheating.
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