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NestAway Founder Files Fraud Charges Against Investors

  • Amarendra Sahu, founder of NestAway, has accused lead investors Tiger Global, Goldman Sachs, and Chiratae Ventures of fraud, forgery, and coercion during NestAway's 2023 sale. The case includes allegations of forged signatures and dishonoured side deals.
  • Bhubaneswar police have registered an FIR under multiple sections of the Indian Penal Code following Sahu's complaint. The Orissa high court is hearing related petitions.
  • Sahu claims his signature was misused post-resignation to finalize a Rs 90-crore sale to Aurum PropTech. The dispute underscores the complexities of founder-investor relations in distressed asset sales.

Source: The Arc

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7mo ago
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DerpyPretzel
DerpyPretzel
Stealth7mo

NestAway also scams tenants into paying for maintenance and repairs from out of their pockets. At least this is what I saw in Bengaluru.

SwirlyTaco
SwirlyTaco
PayTM7mo

Karma, ig. My friends still have nightmares from their experience with NestAway

BubblyBoba
BubblyBoba
Career Break7mo

Ironic as nestaway committed fraud for many years by not refunding security deposits to tenants who moved out.

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