Ashneer Grover Quits BharatPe as He Loses Singapore Arbitration

Ashneer Grover Quits BharatPe as Loses He Singapore Arbitration

Ashneer Grover on Tuesday resigned as managing director of fintech BharatPe.

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Grover has lost the arbitration battle in Singapore and filed against the fintech platform for launching a probe against him.

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Grover claimed that the investigation was illegal because it violated the shareholder agreement.

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In a letter sent to the Board, he said that he is being forced to leave a company of which "I am a founder".

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The company's key investors are Sequoia Capital that has nearly 19.6 per cent stake, Coatue has 12.4 per cent stake, among others.

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The fintech platform has sacked Grover's wife Madhuri Jain Grover over alleged financial irregularities during her tenure as head of controls.

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