Ashneer Grover resigns from BharatPe after months-long legal battle; calls it a forced upon exit

The BharatPe Co-founder and Managing Director Ashneer Grover has resigned from the fintech platform on March 1, 2022, following an intense legal battle with the Board of Directors.

In a resignation letter sent to the Board, he said that he is being forced to bid adieu to a company of which “I am a founder”.

“Your views of businesses and problems on the ground are so coloured by the windows of the Ivory Tower in which you all reside that you have no connect whatsoever with the human element of the business. It is sad that you have even lost touch with the Founder. You’ve lost touch with me,” he wrote in the letter.

Ashneer resigned after losing arbitration in Singapore that he filed against the fintech platform for going after him.

He said in the letter that for the Board of directors, “the Founder of this company has been reduced to a button to be pressed when needed”.

“I cease to be a human for you. Today, you have chosen to believe gossip and rumours about me instead of having a frank conversation. You are so easily spooked because you have no touch with reality,” he argued.

The fintech platform BharatPe previously fired his wife over alleged financial inconsistencies during her tenure as head of controls that amount to crores of rupees.

Alvarez and Marsal, a leading management consultant and risk advisory firm, are scheduled to present their report on financial irregularities during Grovers` time this week.

(With Inputs from IANS)