Ground Report | New Delhi: What happened in Ashneer Grover case so far; Ashneer Grover is co-founder and managing director of Bharat Pe. Recently, his audio clip went viral when he allegedly abused Kotak Mahindra’s bank employee. After viral the audio clip Grover went to the voluntary leave till end of the March. In the wake of passing up Nykaa’s first sale of stock a year ago.
After the controversy, Grover said that this audio clip is Fake and also claims that some Scamsters, is attempting to blackmail $240,000 in bitcoin from him utilizing the clip.
Having gone under huge analysis for purportedly manhandling and compromising a Kotak Mahindra Bank representative last October, Grover said he was not looking for harm from the bank over the Nykaa Initial public offering financing matter, which was the beginning of the public outrage.
Grover sent the legal notice to the Kotak Mahindra Bank for neglecting to give financing in Nykaa’s Initial public offering, it arises. The bank says it will take “suitable legitimate activity” against Grover over the substance of the audio clip.
In a recent interview with ET, Grover said that there is no lawful case. I sent a notification saying that Kotak has not followed through on a guarantee. They sent an answer. I was looking for financing for the Nykaa Initial public offering. All things considered; I will not look for any harm from Kotak pushing ahead. The section shut on November 8. What is more, anything that misfortune has been caused is my misfortune. I have not gotten any objection or FIR on this or some other matter.
As per the reports that the preliminary investigation has found fraudulent transactions including instalments to non-existent sellers along with inconsistencies of solicitations being delivered to validate spending. This comes in the midst of mounting tension from Bharat Pe’s board on the organization organizer Ashneer Grover to leave the fintech firm forever.
After the preliminary investigation by Alvarez and Marsal. Grover has written the letter to the board members looking for the evacuation of the Ceo of Fintech Company, Suhail Sameer.
Now, Grover accused the Fintech Ceo Suhail Sameer by favouring him, the startup’s investors to remove him, it implying a breakdown in relations. He also said that Suhail Sameer is a puppet of the investors.
He anticipates an agreeable goal with the load up, even as he enlists a Delhi – based law office in the midst of mounting tension builds on him to leave the organization for all time. Said, Grover.
What happened in Ashneer Grover case so far
Jan 6 – Grover says an audio clip circulating on social media, allegedly showing him abusing a bank employee, is fake.
Jan 8: Grover said that the audio clip has been removed from social media.
Jan. 9: Grover and his wife Madhuri filed a legal notice with Kotak Mahindra Bank on Oct. 31, 2021, for failing to provide financing in Nykaa’s initial public offering, it emerges. The bank says it will take “appropriate legal action” against Grover over the content of the audio clip.
Jan 17 – An email exchange between Grover and Harshjit Sethi of Sequoia India from August 2020 emerges, in which the BharatPe co-founder allegedly used expletives in the course of the conversation.
Jan 19: BharatPe co-founder goes on “voluntary” leave until the end of March.
Jan 29 – The board announces an independent audit of BharatPe’s internal processes and systems.
Jan 30 – Grover says he hopes for an amicable resolution with the board, even as he hires a Delhi-based law firm amid mounting pressure on him to leave the company permanently.
Feb 4 – Reports emerge that a preliminary audit report, dated Jan 24, found evidence of fraudulent recruitment transactions and payments to non-existent vendors. Hours later, it is revealed that Grover had written to the board members on February 2, asking them to remove CEO Suhail Sameer from the board.
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