BharatPe Co-founder goes on leave amid row
BharatPe Co-founder and Managing Director Ashneer Grover, facing a controversy over alleged use of inappropriate language against Kotak Mahindra Bank’s staff, has taken voluntary leave till March-end, the fintech company announced on Wednesday.
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New Delhi: BharatPe Co-founder and Managing Director Ashneer Grover, facing a controversy over alleged use of inappropriate language against Kotak Mahindra Bank's staff, has taken voluntary leave till March-end, the fintech company announced on Wednesday.
Grover told the Board of the fintech platform about his decision to proceed on leave earlier in the day. "For now, the Board has accepted Ashneer's decision which we agree is in the best interests of the company, our employees and investors, and the millions of merchants we support each day," according to the company statement.
"Ashneer has co-built BharatPe from scratch and his decision is consistent with his passionate commitment to the future success of the company," it said. In his absence, the fintech company "will continue to be ably led by our CEO Suhail Sameer and our strong management team".
Grover's decision to take a voluntary leave came after he allegedly used inappropriate language against Kotak Group staffers and an ongoing tussle with the bank.He and his wife Madhuri Grover had sent a legal notice to Kotak Mahindra Bank's Managing Director and Chief Executive Officer Uday Kotak and to some of his senior management, accusing the bank of failing to secure financing and allocation of shares in an IPO launched by beauty firm Nykaa.
