Vivek Tiwari, co-founder of healthcare supply platform Medikabazaar, finds himself in serious legal trouble. Delhi Police’s Economic Offences Wing (EOW) has filed an FIR against him, leveling charges of cheating, criminal breach of trust, forgery, and cooking up company records.
This development comes shortly after Tiwari’s ouster from the company’s board, a move triggered by accusations of financial misconduct. According to Boston Ivy Healthcare Solutions, the parent firm behind Medikabazaar, Tiwari — along with 13 others — engaged in what it described in regulatory filings as “fraudulent and malicious activities,” causing severe damage to the company’s reputation and finances.
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Sources close to the investigation said Tiwari failed to appear despite being summoned twice by the EOW. Adding to the intrigue, he is reportedly outside the country. His legal team has sought anticipatory bail, promising his return by April 16 — a promise that remains unfulfilled. So far, the courts have not granted any protection from arrest.
The FIR paints a grim picture, alleging that Tiwari orchestrated a sophisticated scheme to siphon off over Rs 100 crore, manipulating accounts and breaching contractual obligations in the process. Investigators have described him as the mastermind behind what they call a “systematic and calculated fraud.”
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Responding via email, Tiwari has dismissed the accusations, calling them a “smear campaign” driven by “selfish interests.” He insists the allegations are baseless, fabricated to tarnish his image and sideline him.
The case has stirred considerable attention in startup circles, raising fresh concerns around governance and accountability in high-growth ventures.
