Ashneer Grover resigns as BharatPe MD and director
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Ashneer Grover has resigned as MD and director, days after his wife Madhuri Jain Grover had been terminated as the head of controls on allegations of funds misappropriation
In his letter of resignation to the board, Ashneer Grover said: “I write this with a heavy heart as today I am being forced to bid adieu to a company of which I am a founder. I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which ostensibly they are trying to protect.”
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planning walaa person jarur koi plan B hoga abhi
Reality check ( I know he has plan a to z sorted still got a taste of his own medicine),
hope he realises the importance of being humble ASAP
As it happened -
- In early January, an audio clip surfaced of Grover allegedly using expletives against a Kotak Bank staffer. While he claimed the clip was fake, the bank said it would take legal action over it.
Two weeks later, Grover went on a voluntary leave of absence until March-end. This happened after an e-mail thread between Grover and Sequoia (BharatPe’s largest shareholder), highlighting differences between the two parties, came to light.
Meanwhile, Grover’s wife Madhuri was also sent on a leave of absence.
Later in January, BharatPe roped in independent auditors to look into the company’s practices under Grover. A preliminary report by firm Alvarez & Marsal accused Madhuri of financial fraud in February.
On February 23, BharatPe sacked Madhuri on the charges of fund misappropriation.
Last week, the Singapore International Arbitration Centre (SIAC) rejected Grover’s emergency plea against the ongoing governance review.
I read this as Ashleel Grover
A day after his resignation, the board has sacked him from all positions — it no longer identifies him as a co-founder
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Sharktank ni isko dubaya ya iski biwi ne?
Bahut uddrah tha ye show pe to…
Sb akad nikal dia uparwale ne iska…