BharatPe cofounder and MD, Ashneer Grover, resigned from the company and its board at midnight on March 1. In an exclusive interview with ET he said he has “given up a lot”, including management stock options worth Rs 100 crore!
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He went on to say, “Monetarily I have actually given up close to Rs 100 crore of management stock options that were to be given to me. They have snatched that away from me. They have defrauded Madhuri (Jain) by taking some Rs 12 crore of equity from her.”
He complained about how his wife was also defrauded on the same lines as they stripped her off her stock options in the company.
Grover also attacked BharatPe’s review committee which included the board chairman Rajnish Kumar, chief executive Suhail Sameer, and general counsel Sumeet Singh, saying they had negotiated their stock option terms better than any employee at the fintech firm.
He spoke about how no one raised finger against them on this as well. “My point is very simple — if you come after me, I will come after you. And then there will be no holds barred… The smart people in the room already know what I know,” he said further.
Grover in his resignation wrote that he was vilified by the company and was treated in a disrespectful manner as a result he had to resign.
