BENGALURU: Home rental platform Nestaway Technologies co-founder Amarendra Sahu has filed charges against prominent investors, including Tiger Global Management, Goldman Sachs, Chiratae Ventures and Schroders Adveq, alleging cheating, forgery, intimidation and criminal conspiracy.
Sahu filed a complaint with an Economic Offences Wing in Odisha regarding the Bengaluru-based company’s sale to Aurum PropTech.
He alleged that the investors forcefully concluded the sale for Rs 90 crore on June 28 last year. The complaint states that Sahu’s co-founders, Jitendra Jagadev and Smruti Ranjan Parida, collaborated with investors to sell Nestaway to Aurum using allegedly forged documents.
“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 stated in his letter to police.
Jagadev responded that Sahu had raised similar allegations at NCLT in Bengaluru, which were 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 investment firms’ representatives, and co-founder Parida did not respond to enquiries till the time of going to press.
