Info Edge, the parent company of Naukri.com, has filed a fraud complaint against Rahul Yadav, the founder of its portfolio company, MSN. The complaint alleges that Yadav misused his position and committed fraud by misappropriating funds and assets of MSN. According to the complaint, Yadav used the company’s funds to invest in his personal ventures and also misused the company’s assets for his personal gain. The complaint also alleges that Yadav made false statements to the company and its investors, and that he has failed to repay the company’s loans and investments.
The complaint was filed with the Delhi Police and the Economic Offences Wing (EOW) of the Delhi Police. The police have registered a case against Yadav and are investigating the matter. Info Edge has also sought a restraining order against Yadav to prevent him from transferring or disposing of any assets that belong to MSN.
The dispute between Info Edge and Yadav is reportedly over the ownership and control of MSN, which was founded by Yadav in 2014. Info Edge had invested in MSN and had a significant stake in the company. However, the relationship between the two parties soured, and Info Edge has now filed the fraud complaint against Yadav.