Ritesh Agarwal (founder of OYO) Age, Wife, Family, Biography and more » StarsUnfolded
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• In September 2019, Bangalore police charged Ritesh and two of his representatives with cheating and breach of trust following a complaint from a businessman. In his complaint, ex-military Natarajan VRS said he ran Rajguru Shelter Hotels at BEML Layout in Whitefield. He made a deal with Ritesh Agarwal in June 2017 that Oyo would keep and take a 20% stake for them and give him 80%, but Agarwal and his representatives took 80% instead of 20%. He accused Ritesh and his representatives of cheating him over Rs. 10 million. Whitefield Police registered Ritesh and his representatives under IPC Sections 406 (criminal breach of trust) and 420 (cheating).
• On September 14, 2020, Mohari Police registered a case of “fraud and criminal conspiracy” against Ritesh Agarwal based on a Chandigarh businessman’s complaint. In his complaint, the victim alleged that Ritesh and his team deceived him out of the business agreement with unlawful and criminal intent. [1]Tribune
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