BharatPe co-founder and MD Ashneer Grover goes on long leave after viral abuse video

Fintech firm BharatPe has announced that Ashneer Grover, Co-founder and Managing Director, is taking a voluntary leave till March 31, 2022. The decision comes after a video of him abusing an employee of Kotak Mahindra Bank went viral on social media.

The company said in their statement that, Ashneer Grover has informed the Board about his decision to go on leave till March-end.

“For now, the Board has accepted Ashneer’s decision which we agree is in the best interests of the ‘company, our employees and investors, and the millions of merchants we support each day,” the statement said.

Also Read: 15 Best Shark Tank India Memes that even Ashneer Grover will love

Earlier this month, an audio clip of a man allegedly abusing and threatening a Kotak Mahindra Bank employee went viral. The man, who is believed to be Ashneer Grover, threatened the staffer for failing to get him finance and allocation of shares in Nykaa’s initial public offering (IPO).

Grover has denied the charges, terming this audio clip “fake”. In his absence BharatPe will be led by its CEO Suhail Sameer.