Ashneer Grover, co-founder and managing director of BharatPe, has resigned from the firm and its board of directors in the wake of an audio clip that appeared online in which he allegedly harassed a Kotak Mahindra Bank employee.
Grover claimed he had been ‘vilified’ and handled in the’most disrespectful manner’ since the start of the year in his email to the fintech’s board.
“I write this with a heavy heart since I am being forced to leave a firm that I founded today.”
With my head held high, I declare that this company is now a leader in the fintech industry. Unfortunately, since the beginning of 2022, I’ve been the target of baseless and targeted attacks on myself and my family by a few individuals who are willing to harm not only me and my reputation, but also the reputation of the company, which ostensibly they are attempting to protect,” the fintench unicorn founder wrote in his resignation letter.
“Now I’m wasting my time fighting a long, lonely war against my own investors and management,” he continued. Unfortunately, the management has lost sight of what is really at stake in this battle: BharatPe.” Grover, on the other hand, was denied emergency relief by the Singapore International Arbitration Centre (SIAC), allowing for the continuation of an inquiry into alleged financial wrongdoings and governance failures at the fintech
He had already filed an arbitration request to halt an investigation into the company’s suspected financial irregularities. Grover reportedly requested immunity from any future action against him in his continuing settlement talks with the corporation and its owners.
Grover took a sabbatical from January until the end of March, and the BhartPe board of directors backed him up. According to the corporation, Suhail Sameer, the company’s top executive, would stay in command of the management team.