BharatPe removes Ashneer Grover from all positions at company

NEW DELHI: Fintech agency BharatPe on Wednesday stated it has eliminated co-founder Ashneer Grover from all positions at the company. BharatPe has additionally discovered involvement of Grover household and family members in in depth misappropriation of the company’s funds.
“The board will not allow the deplorable conduct of the Grover family to tarnish BharatPe’ s reputation or that of its hard-working employees and world-class technology. As a result of his misdeeds, Grover is no longer an employee, a founder, or a director of the company,” BharatePe stated in an announcement on Wednesday.
Grover resigned from the put up of managing director on Tuesday.
According to the assertion, Grover household and their family members engaged in in depth misappropriation of company funds, together with, however not restricted to, creating faux distributors by which they siphoned cash away from the company’s account and grossly abused company expense accounts to be able to enrich themselves and fund their lavish existence, it stated.


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