BharatPe board may take legal action against Ashneer Grover, alleges family 'engaged in misappropriation of funds'
3 years ago

BharatPe board may take legal action against Ashneer Grover, alleges family 'engaged in misappropriation of funds'

Firstpost  

Ashneer Grover is no longer an employee, a founder, or a director of the company, said a statement issued by BharatPe. BharatPe reserves the right to take legal action against the embattled co-founder Ashneer Grover who quit yesterday as managing director and board director, the company said in a detailed statement hours after an extensive late night board meeting. Bitter battle BharatPe co-founder Ashneer Grover, who resigned as managing director on March 1 ahead of the crucial board meeting, said the investigation against him was a ‘sham’ and launched a fusillade of angry comments against the board, especially chairman Rajnish Kumar, accusing it of failing to keep details of their actions confidential. This comes after Moneycontrol reported on February 27 that BharatPe cofounder Grover’s emergency arbitration plea challenging the firm’s decision to conduct a governance review had been rejected by the Singapore International Arbitration Centre. Soon after the embattled co-founder Ashneer Grover launched an attack on the chairman of the board of directors Rajnish Kumar and co-founder Bhavik Koladiya alleging the governance review was riddled with prejudice, the company accused him of spreading false information which it says is not appropriate for a managing director.

India Governance Board Director Resignation Company Review Twitter Grover Build Pwc Bharatpe Moneycontrol Ashneer Rajnish Kumar  engaged  grover  bharatpe  company  letter  director  funds  build  misappropriation  legal  ashneer  board  family  governance  alleges  review  resignation

History of this topic

Ashneer Grover, Madhuri Jain asked to give ₹80 crore security to travel to US
9 months, 3 weeks ago

Ashneer Grover, Madhuri Jain asked to give ₹80 crore security to travel to US

Hindustan Times  

The Delhi High Court directed BharatPe co-founder Ashneer Grover and his wife Madhuri Jain Grover to furnish a security of ₹80 crore before they travel to the US. Ashneer Grover and his wife Madhuri Jain are seen. The couple has been allowed to go to the US separately for the children’s summer school after the court asked the Economic Offences …

Ashneer Grover, his wife Madhuri Jain can travel abroad but there's a rider, Delhi High Court says
9 months, 3 weeks ago

Ashneer Grover, his wife Madhuri Jain can travel abroad but there's a rider, Delhi High Court says

Hindustan Times  

The Delhi High Court permitted former BharatPe MD Ashneer Grover and his wife Madhuri Jain Grover to travel to the US. Ashneer Grover has been given the permission to travel from May 26 to June 12 while Madhuri Jain Grover has been permitted to travel from June 15. Delhi police opposed their plea and submitted that Ashneer Grover and his …

Ashneer Grover directed by court to take down BharatPe ‘petty people’ tweet in 48 hours
1 year ago

Ashneer Grover directed by court to take down BharatPe ‘petty people’ tweet in 48 hours

Hindustan Times  

The Delhi High Court directed former managing director of BharatPe Ashneer Grover to take down his tweet against the company within within 48 hours. The court also told Ashneer Grover to delete his tweet in which he called SBI chairman “petty people”. Addressing RBI governor Shaktikanta Das, Ashneer Grover said that BharatPe has deliberately “defrauded” the central bank by bringing …

‘Respect each other’s equity’: Ashneer Grover on HC's order over selling shares
1 year, 3 months ago

‘Respect each other’s equity’: Ashneer Grover on HC's order over selling shares

Hindustan Times  

BharatPe co-founder Ashneer Grover on Friday welcomed the decision of the Delhi High Court rejecting the plea of another co-founder Shashvat Nakrani to restrain the former from selling or alienating the shares, saying that this order will go a long way in protecting rights of founders in India. BharatPe co-founder Ashneer Grover In a post on X, he said, “I …

BharatPe files fresh injunction plea against Ashneer Grover. Here's why
1 year, 3 months ago

BharatPe files fresh injunction plea against Ashneer Grover. Here's why

Hindustan Times  

In fresh legal trouble for Ashneer Grover, Resilient Innovations, the parent firm of BharatPe, has filed a case in the Delhi high court against the ex-Shark Tank India judge, seeking an injunction after he divulged what it said was ‘confidential' information about the fintech company, in public domain. Ashneer Grover The hearing against Grover, BharatPe's estranged co-founder, took place on …

BharatPe files fresh case against Ashneer for sharing ’confidential information’
1 year, 3 months ago

BharatPe files fresh case against Ashneer for sharing ’confidential information’

Live Mint  

Accusing Ashneer Grover of sharing 'confidential information' relating to the company, fintech firm BharatPe's parent company Resilient Innovations filed a fresh case in the Delhi High Court seeking an injunction, Economic Times reported on 24 November. Last week, BharatPe's embattled cofounder Ashneer Grover posted on X regarding the equity allocation and secondary components undertaken during the company’s Series E funding …

Ashneer Grover, Wife Summoned by Delhi Police Day After Being Stopped at Airport
1 year, 4 months ago

Ashneer Grover, Wife Summoned by Delhi Police Day After Being Stopped at Airport

News 18  

The Delhi Police’s Economic Offences Wing has summoned BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday. The EOW filed an FIR against Mr Grover, Madhuri Jain and their family members Deepak Gupta, Suresh Jain and Shwetank Jain in May in …

Ashneer Grover hits out at former SBI Chairman Rajnish Kumar
1 year, 4 months ago

Ashneer Grover hits out at former SBI Chairman Rajnish Kumar

Live Mint  

BharatPe former co-founder and managing director Ashneer Grover on November 17 hit out at former SBI Chairman Rajnish Kumar and accused him of "delivering nothing and creating a deflection to hide behind" in a post on social media platform X. This development comes after a public argument between BharatPe co-founder Ashneer Grover and CapitalMind founder and CEO Deepak Shenoy. Amid …

Ashneer Grover tweets in Haryanvi to take a dig at Dhruv Bahl’s BharatPe exit
1 year, 6 months ago

Ashneer Grover tweets in Haryanvi to take a dig at Dhruv Bahl’s BharatPe exit

Hindustan Times  

Ashneer Grover, BharatPe co-founder, took a jibe at Dhruv Dhanraj Bahl after he stepped down as Chief Business Officer. “Tweeting in Haryanvi should be a thing,” shared Ashneer Grover while taking a dig at Bahl’s departure from the fintech firm. Take a look at what Ashneer Grover wrote in Haryanvi below: Since being shared on August 30, the tweet has …

Ashneer Grover makes first appearance on MTV Roadies 19, shuts down Gautam Gulati. Watch
1 year, 8 months ago

Ashneer Grover makes first appearance on MTV Roadies 19, shuts down Gautam Gulati. Watch

Hindustan Times  

Ashneer Grover, founder of BharatPe, who broke out on TV as an investor in Shark Tank India, has now made his inroads into MTV Roadies 19 as a guest judge. Ashneer Grover makes a grand entry on MTV Roadies 19 Ashneer's entry In a new promo of MTV Roadies 19, Ashneer Grover makes a grand entry. His comment was criticised …

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR
1 year, 9 months ago

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR

The Hindu  

The Delhi High Court on June 1 refused to stay, at this stage, an investigation against BharatPe co-founder and former CEO Ashneer Grover, and his wife Madhuri Jain Grover, in a case of an alleged ₹81-crore fraud based on a complaint lodged by the fintech unicorn. The Judge issued notice on the petition by Mr. Grover and his wife seeking …

Delhi HC denies stay on investigation against Ashneer Grover and wife
1 year, 9 months ago

Delhi HC denies stay on investigation against Ashneer Grover and wife

Live Mint  

Delhi HC on Thursday refused to stay the investigation against Ashneer Grover and Madhuri Jain Grover in the FIR registered by Delhi Police based on a complaint by BharatPe, the company which has alleged that Grover and his wife were involved in a fraud amounting to ₹81 crore, according to a report published by Bar and Bench. The Economic Offences …

Delhi Police registers FIR against BharatPe ex-MD Ashneer Grover for 'misappropriation of funds'
1 year, 10 months ago

Delhi Police registers FIR against BharatPe ex-MD Ashneer Grover for 'misappropriation of funds'

The Hindu  

The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged ₹81 crore fraud after a complaint by the fintech unicorn. BharatPe in the complaint alleged that Mr. Grover and his family caused damages of …

FIR against BharatPe ex-MD Ashneer Grover, family
1 year, 10 months ago

FIR against BharatPe ex-MD Ashneer Grover, family

Live Mint  

New Delhi: The Economic Offences Wing on Wednesday registered an FIR against former BharatPe managing director Ashneer Grover, his wife Madhuri Jain Grover, and family members, including Deepak Gupta, Suresh Jain, and Shwetank Jain. From the contents of the complaint and enquiry conducted so far, prima-facie offences punishable under Sections 406/408/409/420/467/468/471/120B IPC are made out,” the FIR copy reads, a …

BharatPe co-founder Ashneer Grover slams tech companies for firing employees, asks founders to take paycuts instead
2 years, 1 month ago

BharatPe co-founder Ashneer Grover slams tech companies for firing employees, asks founders to take paycuts instead

India Today  

BharatPe co-founder Ashneer Grover has been in the news lately for his new startup and also for not being a part of Shark Tank India Season 2. The BharatPe co-founder said that a salary reduction of 25 per cent to 40 per cent can be considered by companies instead of mass layoffs. In the LinkedIn post, Grover also said that …

HC Issues Summons to Ashneer Grover on BharatPe’s Co-founder’s Plea Reclaiming Shares
2 years, 2 months ago

HC Issues Summons to Ashneer Grover on BharatPe’s Co-founder’s Plea Reclaiming Shares

News 18  

The Delhi High Court Wednesday issued summons to payment app BharatPe’s former MD Ashneer Grover on a suit by the company’s co-founder seeking to reclaim the shares he transferred to his erstwhile colleague. Justice Prateek Jalan noted Grover’s counsel’s submission that he will file a reply to the suit and not create any third party rights to the 16,110 shares …

BharatPe’s founder Koladiya sues Grover to reclaim shares
2 years, 2 months ago

BharatPe’s founder Koladiya sues Grover to reclaim shares

Live Mint  

Bhavik Koladiya, the original founder of BharatPe, has filed a lawsuit against Ashneer Grover in the Delhi High Court. Koladiya is taking legal action against BharatPe’s co-founder and former managing director Grover “to get back his shares from him.” The matter has been listed before Justice Prateek Jalan in the Delhi High Court. However, six months later in December 2018 …

Remain Courteous: Delhi HC Tells BharatPe, Former MD Ashneer Grover
2 years, 2 months ago

Remain Courteous: Delhi HC Tells BharatPe, Former MD Ashneer Grover

News 18  

The Delhi High Court on Monday advised payment app BharatPe and its estranged co-founder Ashneer Grover to be courteous to each other even after their falling out. Justice Navin Chawla, while hearing BharatPe’s lawsuit against Grover, its former MD, and his family members to restrain them from making allegedly defamatory statements, blamed social media for “bringing us down to this …

BharatPe vs Ashneer Grover case: Delhi HC asks Grover to maintain decorum
2 years, 2 months ago

BharatPe vs Ashneer Grover case: Delhi HC asks Grover to maintain decorum

Live Mint  

The Delhi High Court on Monday told the counsel for former BharatPe managing director Ashneer Grover to ask him to maintain decorum and not to speak against the company’s chief officers. The court was hearing a civil suit filed by BharatPe on 8 December seeking ₹88 crore in damages and orders to restrain Grover and others from making defamatory statements …

Ashneer Grover calls hiring ex-SBI Chairman Rajnish Kumar his biggest mistake
2 years, 3 months ago

Ashneer Grover calls hiring ex-SBI Chairman Rajnish Kumar his biggest mistake

Live Mint  

BharatPe former co-founder and managing director Ashneer Grover on Friday hit out at former SBI Chairman Rajnish Kumar and said that hiring him was his 'biggest mistake'. In October 2021, Grover spoke about Rajnish Kumar's appointment and had said, “It is a matter of great validation and pride for us that one of the biggest stalwarts of the Indian Banking …

BharatPe approaches Delhi HC to restrain Ashneer Grover, wife, others from making defamatory statements
2 years, 3 months ago

BharatPe approaches Delhi HC to restrain Ashneer Grover, wife, others from making defamatory statements

The Hindu  

: The Delhi High Court on Thursday issued summons to BharatPe’s former managing director Ashneer Grover and his wife on a suit filed by the company seeking to restrain them from making defamatory statements against the fintech firm. The High Court gave Mr. Grover, his wife Madhuri Jain and others two weeks to submit replies to the plea filed by …

BharatPe Files Criminal Suit Against Ashneer Grover, Family; Know What Is The Case
2 years, 3 months ago

BharatPe Files Criminal Suit Against Ashneer Grover, Family; Know What Is The Case

News 18  

Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to Rs 88.67 crore in damages for alleged cheating and embezzlement of funds. “Pass a decree of permanent injunction restraining the defendants and/or anyone on their behalf in any manner whatsoever from making defamatory/derogatory statements concerning the plaintiff, its …

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares
2 years, 10 months ago

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares

Firstpost  

The steps have been taken by the company’s board following a detailed corporate governance review against the backdrop of alleged lapses and misdoings during the tenure of Grover as managing director New Delhi: Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw …

Ashneer Grover to Start New Venture With Own Money; Know Why He Won't Go Back to Investors
2 years, 10 months ago

Ashneer Grover to Start New Venture With Own Money; Know Why He Won't Go Back to Investors

News 18  

BharatPe co founder and former managing director Ashneer Grover has come into the spotlight again, but this time it is not the feud that he is famous for. “It’s a badly fought corporate battle,” Grover said while refusing to be drawn into the alleged misconduct with shareholders that had put him in the limelight. Following a series of bitter row …

I Wish To Start My Own Venture Without Seeking Funds From Investors, Says Ashneer Grover
2 years, 10 months ago

I Wish To Start My Own Venture Without Seeking Funds From Investors, Says Ashneer Grover

ABP News  

New Delhi: Ashneer Grover, co-founder and former managing director of fintech platform BharatPe, said that he is planning to start his own venture without seeking funds from the investors. Grover, who along with his wife Madhuri Jain Grover has been stripped of all company titles over alleged "extensive misappropriation of company funds" and using "company expense accounts" to "enrich themselves …

Ashneer Grover says he'll start his own venture sans investors
2 years, 10 months ago

Ashneer Grover says he'll start his own venture sans investors

India TV News  

Ashneer Grover says he'll start his own venture sans investors Grover, who along with his wife Madhuri Jain Grover has been stripped of all company titles over alleged "extensive misappropriation of company funds" and using "company expense accounts" to "enrich themselves and fund their lavish lifestyles", said he will not go back to investors again. Ashneer Grover, co-founder and former …

Ashneer Grover Asks BharatPe to Show Cause CEO for 'Despicable Behaviour'; Boardroom Drama Still On
2 years, 11 months ago

Ashneer Grover Asks BharatPe to Show Cause CEO for 'Despicable Behaviour'; Boardroom Drama Still On

News 18  

BharatPe vs Ashneer Grover: BharatPe co-founder and former managing director Ashneer Grover has sent a letter to the payments firm’s board and sought apology from its CEO Suhail Sameer for his comments on LinkedIn against him and his sister Aashima. In his letter, Ashneer Grover said that Suhail Sameer’s words on social media were not only defamatory, but “also blatantly …

Ashneer Grover 'Paisa Chura Liya', Says BharatPE CEO When Employee Asks for Salary
2 years, 11 months ago

Ashneer Grover 'Paisa Chura Liya', Says BharatPE CEO When Employee Asks for Salary

News 18  

BharatPe vs Ashneer Grover: The row between finance company BharatPe and its erstwhile managing director Ashneer Grover refuses to take a halt even after a month has passed since the cofounder resigned from the company’s board. While scuffles between BharatPe CEO Suhail Sameer and Grover can often be seen online, this time it was LinkedIn that remained witness to a …

’Ashneer stole all the money’: BharatPe CEO’s fresh jibe in never-ending saga
2 years, 11 months ago

’Ashneer stole all the money’: BharatPe CEO’s fresh jibe in never-ending saga

Live Mint  

Hours after BharatPe co-founder Ashneer Grover took a dig at the company's CEO Suhail Sameer for maximum cash burn and first quarterly de-growth on Twitter, the latter fired back on another platform LinkedIn. Ashneer Grover's sister Aashima Grover replied to the post, saying BharatPe's top management is a "shameless bunch". To which BharatPe CEO Suhail Sameer hit back: "Tere bhai …

BharatPe CEO Suhail Sameer's LinkedIn reply to Ashneer Grover's sister
2 years, 11 months ago

BharatPe CEO Suhail Sameer's LinkedIn reply to Ashneer Grover's sister

Op India  

On April 7, BharatPe Chief Executive Officer Suhail Sameer replied to a comment posted by former CEO Ashneer Grover’s sister Ashima Grover and said, “Your brother stole all the money. In a tweet, he wrote, “So I just heard BharatPe closed its first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail Sameer. ‘Chaabi …

Ashneer Grover Hits Out at BharatPe CEO and Chairman, Says 'Ab Nani Yaad Aayegi'
2 years, 11 months ago

Ashneer Grover Hits Out at BharatPe CEO and Chairman, Says 'Ab Nani Yaad Aayegi'

News 18  

Ashneer Grover, the founder and former managing director of BharatPe, hit back at Rajnish Kumar, chairman and Suhail Sameer chief executive officer of the fintech company on Thursday, almost a month after his exit from the board. “So I just heard @bharatpeindia closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail …

I did what is right for the company: BharatPe CEO Suhail Sameer
2 years, 11 months ago

I did what is right for the company: BharatPe CEO Suhail Sameer

Live Mint  

Breaking his silence over allegations of pushing out embattled co-founder Ashneer Grover, BharatPe CEO Suhail Sameer said he did what was right for the company and investors, and to protect his reputation. Ashneer, he said, was "a deep personal friend". BharatPe first sacked Madhuri Jain which was followed by Grover resigning and the company stripping him of the co-founder and …

BharatPe-Ashneer Grover Controversy: Ministry of Corporate Affairs Looking At Board's Conduct
3 years ago

BharatPe-Ashneer Grover Controversy: Ministry of Corporate Affairs Looking At Board's Conduct

ABP News  

New Delhi: The Ministry of Corporate Affairs has decided to look at how the board of BharatPe acted during its fight with Ashneer Grover, former managing director and co-founder of the fintech firm. Ashneer Grover resigned from his post at BharatPe last week after nearly two months of high drama where he locked horns with board members and key investors. …

BharatPe Board Not To Intervene In Bhavik Koladiya And Ashneer Grover Stake Issue
3 years ago

BharatPe Board Not To Intervene In Bhavik Koladiya And Ashneer Grover Stake Issue

ABP News  

New Delhi: As the Ashneer-BharatPe fight now on a legal course, the Board of the company is not going to intervene in a new controversy regarding the fintech company's original founder Bhavik Koladiya and his stake in the firm. Another co-founder Shashvat Nakrani has written a fresh letter to employees, saying that Ashneer tried to create a false narrative about …

BharatPe Co-Founder Nakrani Says Board Acted Decisively In Removing Ashneer Grover
3 years ago

BharatPe Co-Founder Nakrani Says Board Acted Decisively In Removing Ashneer Grover

ABP News  

New Delhi: Shashvat Nakrani, co-founder BharatPe, has accused Ashneer Grover, another co-founder of the fintech firm, of creating a false narrative about the company and said the board acted quickly and decisively in unseating him after PwC report, according to a report in the PTI. Ashneer sent in his resignation late night on March 1, 2022 to the board, minutes …

A short history of events that led to Ashneer Grover’s resignation from BharatPe
3 years ago

A short history of events that led to Ashneer Grover’s resignation from BharatPe

The Hindu  

The story so far: Fintech company BharatPe on March 2 removed co-founder Ashneer Grover from all positions of the company, accusing his family of extensively misappropriating the company’s funds. BharatPe said that external advisors had reviewed the company’s internal controls, and Mr. Grover resigned shortly after he was informed that these findings will be presented to the company’s Board. Early …

Ashneer Grover vs BharatPe: 5 key takeaways from boardroom fight at unicorn startup
3 years ago

Ashneer Grover vs BharatPe: 5 key takeaways from boardroom fight at unicorn startup

India Today  

The rise of Ashneer Grover and unicorn startup BharatPe was considered as an inspiring Indian entrepreneurs' success story till a rift between the co-founder of the company and board members snowballed into a major controversy. The payment startup hitback by stripping its co-founder Ashneer Grover of all positions for his alleged 'misdeeds' and may take further legal actions, including clawing …

BharatPe says Ashneer Grover used firm money to fund lavish lifestyle, removes him from all posts
3 years ago

BharatPe says Ashneer Grover used firm money to fund lavish lifestyle, removes him from all posts

India Today  

Indian fintech firm BharatPe has removed Ashneer Grover from all positions in the company, including from his post of director on the board. In a statement, the company said that Ashneer Grover submitted his resignation as soon as he heard that the firm’s internal records would be reviewed by independent external advisors. “Ashneer Grover quickly shirked responsibility by sending an …

Ashneer Grover is 'No Longer a Founder' of BharatPe; Company Can Take Legal Action for 'Spinning Lies'
3 years ago

Ashneer Grover is 'No Longer a Founder' of BharatPe; Company Can Take Legal Action for 'Spinning Lies'

News 18  

A day after Ashneer Grover resigning from BharatPe, the company’s board said that he is no longer an employee, a founder, or a director of the fintech firm. “As a result of his misdeeds, Mr. Grover is no longer an employee, a founder, or a director of the company,” the board said in a statement. Ashneer Grover, the embattled founder …

BharatPe removes Ashneer Grover from all positions over involvement in misappropriation of company funds
3 years ago

BharatPe removes Ashneer Grover from all positions over involvement in misappropriation of company funds

India TV News  

BharatPe removes Ashneer Grover from all positions over involvement in misappropriation of company funds In an emotionally-charged letter addressed to the Board of Directors, Ashneer on Tuesday said that while they will not find a single act of impropriety against him, "I will not be participating in your charade". Highlights "Grover is no longer an employee, a founder, or a …

Fame to failure in few months! Tracking Ashneer Grover's downfall
3 years ago

Fame to failure in few months! Tracking Ashneer Grover's downfall

India Today  

BharatPe co-founder Ashneer Grover has resigned as managing director and board director, the payment startup said on Tuesday. In a scathing resignation letter, Grover cited reasons for quitting BharatPe board, even as he minced no words to hit back at officials for allegedly targeting him. PUBLIC ROW WITH KOTAK MAHINDRA BANK One of the major controversies pertaining to Grover came …

Ashneer Grover resigns from BharatPe, says was 'vilified'
3 years ago

Ashneer Grover resigns from BharatPe, says was 'vilified'

Op India  

Ashneer Grover, the co-founder of BharatPe, who was also one of the investors on TV program Shark Tank, has reportedly put down his papers amid a probe that is currently ongoing to investigate financial fraud at the company. In an e-mail sent to the company board late on February 28, Monday night, Ashneer Grover said he’s resigning from the fintech …

BharatPe-Ashneer Grover Battle Not Over: Board to Meet Today, Says Reserves Right to Take Action
3 years ago

BharatPe-Ashneer Grover Battle Not Over: Board to Meet Today, Says Reserves Right to Take Action

News 18  

BharatPe boardroom-battle is not over yet. Ashneer Grover, the beleaguered co-founder of the fintech firm has resigned as the managing director and a director on the company’s board, with immediate effect. Replying to Grover’s resignation BharatPe spokesperson told CNBC-TV18, “Ashneer Grover resigned as Managing Director and Board Director of BharatPe minutes after receiving the agenda for upcoming Board meeting.” The …

Ashneer Grover quits BharatPe board: Full text of resignation letter
3 years ago

Ashneer Grover quits BharatPe board: Full text of resignation letter

India Today  

Ashneer Grover has resigned as the managing director of BharatPe. Last week, the services of Grover’s wife and ex-head of controls at the Indian fintech unicorn Madhuri Jain, were terminated by BharatPe based on the allegations of financial irregularities and money siphoning, according to a Business Today report. ASHNEER GROVER'S RESIGNATION LETTER - FULL TEXT Here is the full text …

Ashneer Grover resigns from BharatPe, pens strongly-worded resignation letter
3 years ago

Ashneer Grover resigns from BharatPe, pens strongly-worded resignation letter

India Today  

Ashneer Grover, the beleaguered co-founder of BharatPe, has resigned as the managing director and board director of the Indian fintech unicorn. ASHNEER GROVER'S RESIGNATION LETTER Grover has written a scathing resignation letter addressing the board. I say with my head held high that today this company stands as a leader in the fintech world," Grover wrote in his resignation letter, …

BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'
3 years ago

BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'

News 18  

Ashneer Grover, the co-founder and managing director of BharatPe, has resigned from the fintech firm amid ongoing controversy at the company. BharatPe-Ashneer Grover Controversy: A Timeline Earlier this year, a phone conversation went viral in which a man, alleged to be Ashneer Grover, could be heard abusing an employee of Kotak Mahindra Bank after the lender had missed out on …

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda
3 years ago

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda

India TV News  

Highlights The board meet included consideration of action against him based on the report submitted by PwC The Board reserves the right to take action based on the report's findings Build incrementally even half of the value I created so far, said Ashneer in the letter Fintech firm BharatPe's managing director Ashneer Grover has resigned minutes after receiving an upcoming …

No Relief For BharatPe Co-Founder Ashneer Grover As Singapore Arbitration Quashes Plea
3 years ago

No Relief For BharatPe Co-Founder Ashneer Grover As Singapore Arbitration Quashes Plea

ABP News  

New Delhi: Ashneer Grover, co-founder and managing director of BharatPe, has failed to secure interim relief from the Singapore International Arbitration Centre which has allowed an investigation against him on alleged financial irregularities and governance lapses at the company, the PTI reported quoting sources. Grover, who last month went on a two-month leave of absence following allegations of using abusive …

Will BharatPe Terminate Co-Founder Ashneer Grover After His Wife? Here's a Timeline of the Saga
3 years ago

Will BharatPe Terminate Co-Founder Ashneer Grover After His Wife? Here's a Timeline of the Saga

News 18  

The boardroom drama over the reigns of fintech major BharatPe shows no signs of abating. In the latest turn of events, Madhuri Jain, the company’s controller and Ashneer Grover’s, cofounder and managing director of BharatPe, wife, on charges of misappropriating funds. Sameer also called for employee trust, as the corporate battle between BharatPe’s board and cofounder Ashneer Grover had left …

Discover Related