Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Wed, 02 Mar 2022 12:26 PM IST
Summary
BharatPe Alleges Family Of Ashneer Grover: Due to a dispute with the board of BharatPe Company, its co-founder Ashneer Grover has resigned from his position. But so far silence has been maintained by the board regarding this. However, in the meantime, the board has accused Ashneer’s relatives and his family of misappropriating company funds in a big way. This has been claimed in a report.
hear the news
Expansion
Ashneer said this on his resignation
Significantly, Ashneer Grover has resigned from his post. According to reports, he has written in his resignation that, he has been forced to resign. Ashneer said that I can proudly say that this company is one of the best companies in the world of FinTech. Actually, Ashneer Grover had a big setback recently. Ashneer had to face defeat in a petition filed against him in Singapore to initiate an investigation. Ashneer alleges that since the beginning of 2022, people are making baseless allegations against me and my family. This has not only hurt my reputation, but the reputation of the company has also been tarnished.
SIAC refuses to stop review
BharatPe has not got any relief in the ongoing hearing at the Singapore International Arbitration Centre. The Center has refused to stop the review of the company’s functioning. That being said, there is no ground to stop the review initiated on the recommendation of the top management. Earlier, an appeal was made by Ashneer to stop the review. It is believed that Ashneer can challenge this matter in the Delhi High Court.
Ashneer may sell stake
BharatPe co-founder Ashneer wants to sell his stake in the company. For this, he has also started talks with investors. The valuation of the company was $2.85 billion in August 2021. Grover’s share in this was 9.5 per cent. This means, they are shareholders of 1,915 crores in the company.