BENGALURU: Home rental platform Nestaway Technologies co-founder Amarendra Sahu has filed charges against distinguished investors, together with Tiger Global Management, goldman sachsChiratae Ventures and Schroders Adveq, alleging dishonest, forgery, intimidation and legal conspiracy.
Sahu filed a criticism with an Economic Offenses Wing in Odisha relating to the Bengaluru-based firm’s sale to Aurum PropTech. He alleged that the investors forcefully concluded the sale for Rs 90 crore on June 28 final yr. The criticism states that Sahu’s co-founders, Jitendra Jagadev and Smruti Ranjan Parida, collaborated with investors to promote Nestaway to Aurum utilizing allegedly cast paperwork.
“Now I am running with great financial hardship. The other directors of Nestaway Technologies, Jitendra Jagadev and Smruti Parida are residents of Bhubaneswar, who were also hand in gloves with above investors, have used proceeds of crime to buy properties in Odisha,” Sahu acknowledged in his letter to police.
Jagadev responded that Sahu had raised related allegations at NCLT in Bengaluru, which had been dismissed. “He appears to be using the process of law to harass and exert undue pressure on these reputed investors… His decision to now pursue the matter in Odisha jurisdiction appears to be a calculated move to exert undue pressure on these reputed investors.” Sahu, the named funding corporations’ representatives, and co-founder Parida didn’t reply to inquiries until the time of going to press.
