Ashneer Grover resigns from BharatPe

Ashneer Grover, the co-founder and managing director of BharatPe, resigned from his place within the unicorn fintech firm.

The transfer comes simply days after the corporate sacked his spouse and BharatPe’s head of controls, Madhuri Jain Grover, over alleged monetary irregularities.

Over the previous weekend, the Singapore International Arbitration Centre (SIAC) rejected Grover’s petition towards the corporate for initiating an investigation towards him.

In his resignation letter, Grover alleged the board of the corporate had “ousted” him for his or her “vested interests”. He alleged that latest developments associated to the corporate appear to be a “battle of egos being played to the gallery of the media under the charade of ‘good governance’”. He additionally alleged the “investor template” to make an “unwanted” founder go away, is to make the founder “the villain of the piece”, one thing he claims is being performed to him.

“Today I am being vilified and treated in the most disgraceful manner,” Grover wrote within the letter.

Grover has been concerned in a string of controversies over the previous few months. In January, he determined to go on a voluntary depart until the tip of March. His transfer again got here after a row over a leaked audio clip on social media wherein he was allegedly heard utilizing abusive language towards a Kotak Mahindra group worker for lacking out on financing for the Nykaa IPO final yr.