FIR against 7 people including OYO founder Ritesh Agarwal, fraud of 35 lakhs reported


Bengaluru-based hotelier filed a case, accusing OYO Founder of not paying rent for the last 5 months

  • Police called Ritesh Agarwal, other accused for questioning on Thursday
  • Oyo said the complainant’s claim was wrong, saying – counter will compel

An FIR has been filed against Oyo Hotels and Homes founder Ritesh Agarwal and 6 others. A hotelier has accused Oyo of not paying for the last 5 months. He claimed to owe Oyo Rs 35 lakh. Police gave this information on Monday.

Oyo booked rooms for rent of Rs 7 lakhs every month: complainant

According to a complaint by Bates Fernandes, the owner of Hotel Roxel Inn in Domler town, Bengaluru, Oyo had promised to pay Rs 7 lakh every month while booking his hotel rooms, but payment has not been received since May.

Apart from Ritesh Agarwal in the FIR, Rohit Srivastava, head of Oyo (South), Business Development Head – Madhavendra Kumar and Gaurab Dey, Finance Officer – Prateek Aggarwal, Manjit Singh and Mrimony Chakraborty. All of them have been asked to appear before the investigating officer on Thursday.

Oyo has said that counter complaints will be filed against the complainant. He sensationalized a civil dispute. Their claims are false and defamatory. Our lawyers are investigating this matter.

This is not the first time Ritesh Agarwal is in media for fraud and scam news, earlier also Ritesh was in headlines when the group of hoteliers from Punjab, Haryana, Delhi, Mumbai and other parts of India protested and boycott against Ritesh & OYO.

All over India many other police complaints and FIR have been filed Agaist OYO & Its Founder Ritesh Agarwal, Ritesh Agarwal was also in news when he announced that he is looking forward to increase his stakes in his company OYO from 9 percent by taking an investment of un-disclosed amount from RA Hospitality company based in cayman islands.

As per the News Report from Inventiva published after a through research and investigation, OYO & Its Founder Ritesh Agarwal may be involved in tax stealing, money laundering and insider trading.

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