Ashneer Grover writes to Bharatpe board for motion in opposition to CEO, calls for chairman’s resignation

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Former Bharatpe chief Ashneer Grover has written to the corporate’s board searching for motion in opposition to CEO Suhail Sameer following his offensive remarks on social media and sought resignation of chairman Rajnish Kumar.

In response to a remark by Ashneer’s sister Aashima on a social media put up by former Bharatpe worker Karan Sarki, Sameer stated “Behen- tere bhai ne saara paisa chura liya (Sister, your brother has stolen all the cash). Little or no left to pay salaries”.

Sarki within the put up had raised the problem of sacking of previous workers and non-payment of salaries. Grover within the letter dated April 8, a replica of which is reviewed by PTI, stated Sameer’s language in response to the aforesaid social media put up just isn’t solely defamatory however “additionally blatantly a public lie and admission of the corporate being bankrupt by a minimum of its personal CEO and member of the board”.

“Going by precedents and self-proclaimed excessive requirements of this board, the CEO needs to be instantly served a present trigger discover for his despicable public behaviour and instantly placed on depart of absence to handle the harm on the model of the corporate.

“Suhail has to conclusively show to the board that he was not drunk and medicines when he put the stated reply on LinkedIn,” Grover stated. On Thursday, he tweeted that Bharatpe “closed its first quarter of ‘degrowth’ and ‘most money burn’ beneath in a position (sic) management of Rajnish Kumar and Suhail Sameer.” Nevertheless, a Bharatpe spokesperson stated the corporate registered the strongest quarter in its historical past.

“We’ve got registered 4x development in our total income over the identical interval final 12 months. On a sequential-quarter foundation, the expansion has been 30 per cent, regardless of the third wave of Covid-19. Evaluating month-on-month, all our metrics have grown on the quickest tempo,” the spokesperson stated.

Bharatpe’s service provider whole funds worth (TPV) grew 17 per cent, shopper TPV 39 per cent, loans facilitated 31 per cent, and income 21 per cent in March 2022 over Feb 2022, the spokesperson stated.

“Going ahead, we’re monitoring properly to interrupt even on our service provider enterprise and additional strengthen our shopper enterprise. We request the media to take official feedback from the corporate and never from former staff who now not have enterprise data,” the spokesperson stated.

Grover within the letter stated that Sameer’s all dealings needs to be audited by an impartial auditor and he ought to solely be reinstated as CEO as soon as the audit report is tabled with the board and it exonerates him of any wrongdoing.

“Something lesser by way of motion right here would undeniably show what’s a truth – that what was carried out to me was a properly deliberate discriminatory conspiracy by the board at behest of buyers, not a governance overview,” Grover stated.

Bharatpe had eliminated Grover from all positions in March on the firm and alleged to have additionally discovered involvement of Grover’s household and kinfolk in in depth misappropriation of the corporate’s funds.

Grover has demanded a written apology from Sameer and in absence of the identical, he and his sister might search damages and pursue legal defamation in opposition to the Bharatpe CEO and the corporate.

Sameer had apologised for his remarks after it earned criticism from a number of folks in social media. “Furthermore, Chairman Rajnish Kumar ought to instantly resign. The present incident clearly brings out the truth that Rajnish Kumar condoning the life menace to me by Bhavik Koladiya from his personal home and all of the deliberate media leaks resulting in my resignation in self respect, have additional emboldened the present administration to behave as hooligans,” Grover stated.

He stated the administration feels that they have a ‘carte blanche’ from the board and its chairman to focus on him and his household with out worry of any repercussions.

“It additionally proves that within the Governance Assessment which was presupposed to be all encompassing, the chairman refused to look into the allegations made in opposition to Suhail altogether, additional main him to consider he’s above all the pieces,” Grover stated.

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