BharatPe issued the statement at a time when the company’s founder and managing director Ashnir Grover alleged that the board wanted to force him out of the company.
India on Friday issued a statement criticizing the allegations leveled against the board members. The company said that the board has always followed the proper procedure and decided in the interest of the company. At the same time, the board further stated that they have not yet received an interim governance report on the company’s performance.
BharatPe’s statement came at a time when the company’s founder and managing director Ashneer Grover, in a conversation with Moneycontrol, complained that the board wanted to force him out of the company.
BharatPe said in a statement, “We are deeply saddened that the integrity and integrity of the board of Bharatpi or the individual members of the board are constantly being questioned through false information and baseless allegations. The board has considered the best interests of the company.
Ashnir Grover also accused Suhel Sameer, CEO of Bharatpi, of trying to get investors out of the company.
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Disagreements between him and the company’s board have come to the fore since the controversy surrounding Grover began. This difference of opinion comes at a time when there is a growing debate about the company’s effectiveness and business practices. It also confirmed the news that came out through sources last week, where it was stated that the board is not interested in bringing Grover back to the company.
An alleged audio of Ashnir Grover and his wife Madhuri Jain went viral last month, where Ashnir was heard speaking obscene language to a Kotak employee. Following the controversy, an internal investigation into the company’s toxic culture and work practices was launched, and both were sent on leave. BharatPe’s board and external advisors are conducting forensic examinations of the company’s activities, including accounting, approval process, costs and recruitment.
On Friday, Grover said his demand was that he be reinstated. If that is not possible then they should be given Rs 4000 crore. Then he will leave the company. In fact, it is worth his share in the company. He owns about 9 percent of the company.