New Delhi: Ashneer Grover resigns as BharatPe MD amidst the ongoing controversy. His resignation comes days after he lost an
arbitration that he had filed with the Singapore International.
Also after services of his wife Madhuri Jain Grover as head of controls were terminated on allegations of misappropriation of funds.
On Tuesday morning, a spokesperson of BharatPe had confirmed about the same.
He had earlier gone on two month leave of absence following the allegations of using abusive language againstKotak Mahindra Bank staff and fraudulent practices.
Ashneer Grover’s resignation letter:
“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 they are ostensibly trying to protect,” BharatPe managing director wrote in his letter to the board.
“From being celebrated as the face of Indian entrepreneurship and an inspiration to the Indian youth to build their own businesses, I am now wasting myself fighting a long, lonely battle against my own investors and management. Unfortunately, in this battle, the management has lost of what is actually at stake – BharatPe,” he further added.
Co-founder of @bharatpeindia @Ashneer_Grover resigns as MD & Director!
Continues as the single largest individual shareholder of the Co.
In a letter to the board, says ‘Forced to bid adieu to a company of which I am a founder.’ #Exclusively reports @ShrutiMishra_ @ShereenBhan pic.twitter.com/C69Q5ueHDS
— Young Turks (@CNBCYoungTurks) February 28, 2022
