Update: ValueFirst told us they'd get back to us on Friday, then again on Saturday, but there's been no response from the company since we did the first story. In the absence of any comment from them, we can only offer a limited perspective. We're now checking for more info on the Way2SMS acquisition and will update in case we get something. Update: Please refrain from making accusations in the comments to this story. As a policy, we don't allow personal comments and unsubstantiated accusations (except against me). Please note that we cannot publish unsubstantiated information, whatever the rumors. We've asked ValueFirst for comments over the past few days, and will update in case they respond. Update: The Times of India reports that ValueFirst has lodged an FIR against Kumar Apurva, his wife and two directors of Way2SMS, alleging that Apurva had made the board of directors of ValueFirst agree to take over Way2SMS for Rs 150 crore, and that Way2SMS transfered Rs 7 crore in three installments to Kumar's bank account, hence indicating a personal profit. The complainant says that Apurva was sacked from the post of CEO on September 23rd 2012. More on the case here. We'll try and contact ValueFirst for comments again today (so far, there's been no response). In case you have a copy of the FIR, please mail it to us at nikhil@medianama.com. Update: ValueFirst has said they'll get back to us. Update: We contacted Vishwadeep Bajaj, MD and Chairman of ValueFirst for comments, but he…
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Updated: ValueFirst Files Case Against Former CEO Kumar Apurva For 7Cr Fraud On The Way2SMS Deal
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