Founder of BharatPe Ashneer Grover resigns

I hereby resign as the MD of BharatPe, effective immediately. I also resign as a director of the board. I will continue as the single largest individual shareholder of the company,” Grover said

Grover said in his resignation letter to the company. When contacted early Tuesday morning, a spokesperson of BharatPe did not immediately confirm the development.

Grover had last month gone on a two-month leave of absence following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices.

Grover had pleaded before the arbitrator that the preliminary investigation was invalid

because it was in violation of shareholder agreement and articles of association and the company has no authority to conduct such an investigation

midst the ongoing controversy at BharatPe, Ashneer Grover – the beleaguered co-founder and MD of the company – is said to have resigned from the fintech firm with immediate effect.

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