City
Epaper

Ashneer threatens legal action against CEO, Board over comment against sister

By IANS | Published: April 08, 2022 11:15 AM

New Delhi, April 8 In a fresh battle, BharatPe founder and former managing director Ashneer Grover has threatened ...

Open in App

New Delhi, April 8 In a fresh battle, BharatPe founder and former managing director Ashneer Grover has threatened a legal action against CEO Suhail Sameer and the board for his comments on professional networking platform LinkedIn against his sister Ashima Grover, along with seeking a resignation from Chairman Rajnish Kumar.

In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence to manage the damage to the Brand of the company".

In a LinkedIn post on Thursday, Sameer replied to a comment posted by Ashima Grover, who is Senior Manager at MetLife, saying "Your brother stole all the money. Very little left to pay the salaries."

Ashima had commented on a post by an employee at BharatPe who vented out his frustration over the non-payment of salaries.

Ashima had written, "That's the sad part... That's a shameless bunch."

In the letter to the board, Ashneer said: "As a Board which under the Chairmanship of Rajnish Kumar has claimed to be the epitome of corporate governance, I would want to ask what action is the Board going to take against Suhail Sameer?"

The letter was marked to company investors, along with Chairman Kumar, CEO Sameer and co-founder Shahshvat Nakrani.

"Moreover, the Chairman Rajnish Kumar should immediately resign. The current incident clearly brings out the fact that Rajnish Kumar condoning the life threat to me by Bhavik Koladiya from his own house and all the planned media leaks leading to my resignation in self respect, has further emboldened the current management to act as hooligans," Ashneer further wrote.

The company was yet to react to the letter.

Ashneer further wrote: "In absence of a written apology, I and my sister reserve our rights to seek damages and pursue criminal defamation against Suhail Sameer and the BharatPe Board".

Earlier, as Ashneer took a dig at the board members of BharatPe over its first quarter of alleged 'degrowth' and 'maximum cash burn', the fintech platform said that it actually registered the strongest quarter (Q1 2022) ever in its history.

The company said it registered four times growth in its overall revenue in the said quarter over the same period last year.

"On a sequential-quarter basis, the growth has been 30 per cent, despite the third wave of Covid-19," a BharatPe spokesperson had told .

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Bharatpe boardAshneer groverSuhail sameerMetlife
Open in App

Related Stories

BusinessFormer Shark Tank Judge Ashneer Grover Threatens Legal Action Over Comedian's Roast

BusinessAshneer Grover's New Company: Former Shark Tank Judge to Launch his New Firm ZeroPe App

NationalDelhi High Court to Ashneer Grover: Don't Destroy Reputation of BharatPe and SBI

Business"Take A Break": Ashneer Grover To Zerodha Founder Nithin Kamath Who Suffered A Mild Stroke

TechnologyAshneer Grover Seeks Prime Minister Modi's Support Amidst RBI's Paytm Restrictions

Technology Realted Stories

TechnologySmart city technologies expected to become $100 bn industry in 2024: Report

TechnologyCo-WIN being transformed into UWIN for national immunisation programme: Health Secretary

TechnologyICMR, NIV to start phase-3 clinical trials of recombinant dengue vax: Centre

TechnologyTele-MANAS mental health helpline gets 3,500 calls per day: Centre

TechnologyCCMB, Aganitha to apply Generative AI for therapeutic design, research