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Warrant issued against former MD and CEO of AskMe Sanjiv Gupta: report

A bailable warrant has been issued by the Delhi High Court against Sanjiv Gupta, the former MD and CEO of the now defunct online marketplace and classifieds business AskMe, reports VCCircle. The warrant was issued after Gupta apparently failed to appear before the liquidator investigating the alleged fraud at AskMe, though Gupta has denied this. Warrants have also been issued against two former directors of AskMe parent Getit Infoservices Private Limited - Sidharth Gupta and Grant Scott Ferguson. Delhi HC had appointed a provisional liquidator in February this year, and at the same time had directed the Serious Fraud Investigation Office (SFIO) to look into allegations of misappropriation of funds at Getit Infoservices. Earlier, in November last year, the court had ordered that an FIR should be launched against AskMe and AskMeBazaar for cheating and fraud, based on a complaint the court received from…

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