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 the company that "we have built together with the right spirit". "While the content of the enquiry report is confidential and as a board member, I am not at liberty to disclose its findings, I am proud of the fact that our board acted quickly and decisively to uphold good corporate governance," he told employees. The Ashneer Grover-BharatPe tussle that hogged the limelight since January has brought to the fore the need to fix corporate governance while maintaining moral integrity at the very top in the burgeoning Indian start-up ecosystem.

Board Ashneer Bhavik Grover Bharatpe  koladiya  company  governance  stake  told  grover  bharatpe  corporate  wrotethe  issue  bhavik  written  board  ashneer  intervene  works

History of this topic

Ashneer Grover says, ‘Banks se tech nahi ho rahi’ as Kotak Mahindra Bank share prices drop 10%; netizens react
10 months, 3 weeks ago

Ashneer Grover says, ‘Banks se tech nahi ho rahi’ as Kotak Mahindra Bank share prices drop 10%; netizens react

Live Mint  

Ashneer Grover took a dig at Kotak Mahindra Bank after the company's share prices dropped 10%. The plunge happened after the Reserve Bank of India ordered the bank to stop adding new customers through its online platforms and halt issuing new credit cards. “after grand success of destroying shareholder value in Paytm, Hdfc bank, IIfl finance, Jm financial, here comes …

‘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’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 …

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 …

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 Episode Is An Aberration, Says BharatPe Chairman Rajnish Kumar
2 years, 11 months ago

Ashneer Grover Episode Is An Aberration, Says BharatPe Chairman Rajnish Kumar

ABP News  

New Delhi: Rajnish Kumar, former SBI chairman and current chairman of BharatPe, has said that the Ashneer Grover row was just an aberration. The media should not pay so much attention to BharatPe.” When asked about the Ashneer Grover episode, he said, “I would not like to discuss the internal situation and the reasons behind it. And, everyone can see …

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 …

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 …

’Ab nani yaad aayegi:’ Ashneer Grover takes a fresh dig at BharatPe CEO
2 years, 11 months ago

’Ab nani yaad aayegi:’ Ashneer Grover takes a fresh dig at BharatPe CEO

Live Mint  

The feud between Ashneer Grover and BharatPe continues with the former taking fresh dig at the company for first quarterly de-growth along with maximum cash burn. "So I just heard BharatPe closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail Sameer," Grover tweeted. BharatPe, which allows shop owners to make digital …

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 …

BharatPe-Ashneer Controversy A Case of Employee Going Bonkers, Can Happen In Many Cos: CEO Suhail
2 years, 11 months ago

BharatPe-Ashneer Controversy A Case of Employee Going Bonkers, Can Happen In Many Cos: CEO Suhail

News 18  

BharatPe CEO Suhail Sameer said the whole Ashneer Grover-BharatPe was a case of an employee going bonkers, which can happen in many companies, and that the company is taking steps to ensure such incidents do not repeat. “These are small things to drive trust.” On Changes in Company’s Culture Sameer said parts of the changes were already in the works. …

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 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 …

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 …

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 …

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 …

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 …

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 …

BharatPe's Ashneer Grover's Wife Madhuri Jain Fired; Tweets 'Now you may Indulge in Drunken Orgies...'
3 years ago

BharatPe's Ashneer Grover's Wife Madhuri Jain Fired; Tweets 'Now you may Indulge in Drunken Orgies...'

News 18  

BharatPe has fired Madhuri Jain, the head of controls by and wife of founder Ashneer Grover, on the charges of ‘misappropriation of funds’, according to sources. Probe found personal spends of few crores on company money, including over Rs 1 crore on holiday travels,” BharatPe sources told CNBC-TV18. Jain has alleged a “witch-hunt” by BharatPe chairman Rajnish Kumar and others. …

BharatPe Sacks Ashneer Grover's Wife Madhuri Jain Grover Amid Charges Of Financial Fraud: Report
3 years ago

BharatPe Sacks Ashneer Grover's Wife Madhuri Jain Grover Amid Charges Of Financial Fraud: Report

ABP News  

New Delhi: In a significant development, BharatPe has terminated the services of to Ashneer Grover's wife Madhuri Jain Grover, head of controls at the fintech platform, for alleged financial irregularities during her tenure in the company. Quoting sources IANS on Wednesday said that Madhuri Jain's contract was terminated as the probe has found misappropriation of funds during her time at …

Ashneer Grover's wife Madhuri Jain sacked by BharatPe over allegations of financial irregularities
3 years ago

Ashneer Grover's wife Madhuri Jain sacked by BharatPe over allegations of financial irregularities

Op India  

On February 22, BharatPe terminated Madhuri Jain Grover, wife of Ashneer Grover, from her post of the controller over allegations of ‘misappropriation of funds’. This is also linked to the audit, which is currently ongoing, but the final copy is not yet tabled in front of the board.” Another person known to the matter said, “The interesting bit here is …

Ashneer Grover controversy: Interim report on governance lapses in BharatPe in 2 weeks: CEO Suhail Sameer
3 years, 1 month ago

Ashneer Grover controversy: Interim report on governance lapses in BharatPe in 2 weeks: CEO Suhail Sameer

India TV News  

BharatPe chief executive Suhail Sameer in a communication to employees has stated that there were a couple of "serious allegations" of governance lapses, which warranted a fine-tooth-comb audit of governance practices by outside experts. Later, Grover reportedly stated that he was "arm-twisted" by the company's investors into going on leave and had lost confidence in CEO Sameer Suhail, and he …

Legal tussle between Grover, Kotak Wealth not over yet
3 years, 1 month ago

Legal tussle between Grover, Kotak Wealth not over yet

Live Mint  

The legal tussle between BharatPe co-founder Ashneer Grover and Kotak Wealth Management, which has cascaded into a row between him and the BharatPe board, looks like dragging on. In a letter to Grover, Kotak’s legal representative Khaitan and Co. said the firm has not entered into any discussions with Grover and his wife in the so-called dispute over IPO financing. …

Ashneer Grover Attacks BharatPe CEO Suhail Sameer, Seeks His Removal
3 years, 1 month ago

Ashneer Grover Attacks BharatPe CEO Suhail Sameer, Seeks His Removal

ABP News  

New Delhi: In a recent update, Ashneer Grover, founder and MD of BharatPe, has written a letter to the board seeking removal of the company’s CEO Suhail Sameer. According to a report in Moneycontrol, this is the first time that the differences have grown big and are out in public though Grover and BharatPe have attempted to strike a conciliatory …

Financial scam at BharatPe, founder Ashneer Grover involved: Report
3 years, 1 month ago

Financial scam at BharatPe, founder Ashneer Grover involved: Report

Op India  

Ashneer Grover, the founder of BharatPe, who took a “voluntary leave of absence” until the end of March after the abusive phone call controversy, is now again caught in the eye of the storm as allegations of financial fraud as surfaced against his wife and brother-in-law. According to the investigation, Madhuri Jain, the wife of BharatPe founder Ashneer Grover, received …

Discover Related