New Delhi: Ashneer Grover, Co-founder and Managing Director of fintech firm BharatPe, has reportedly resigned from the company as well as from its board on Tuesday.
In an email sent to the company’s board on Tuesday, Grover wrote, “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.
“From being celebrated as the face of Indian entrepreneurship he is now wasting his time fighting a long, lonely battle against his own investors and management. Unfortunately, in this battle, the management has lost what is actually at stake – BharatPe”, he added.
Wife Madhuri was sacked just days ago
The news of Ashneer’s resignation comes days after his wife Madhuri Jain was sacked by BharatPe over on charges of ‘misappropriation of funds’. The allegations ranged from using company funds for personal beauty treatment and trips abroad.
The charges also included producing fake invoicing for billing at the company’s expense.
Previous Controversies
A controversy had erupted over his alleged use of abusive and threatening language against a Kotak Mahindra Bank employee in January 2022. Days after the incident, Grover went on a voluntary leave till March-end.
Earlier this month an audio clip of a man, allegedly Ashneer Grover, abusing and threatening a Kotak Mahindra Bank employee, went viral. Grover allegedly threatened the Kotak Mahindra Bank staffer on phone for failing to secure finance and allocation of shares in Nykaa initial public offering (IPO).
Grover has denied the charges terming the audio clip “fake”.
