Ashneer Grover, the founder and former managing director of BharatPe, Tweeted on Thursday ‘Chaabi chheenna and hatti chalana do alag alag skills hai!’ The 40-year-old was stripped last month of all company titles over alleged “extensive misappropriation of company funds”
Ashneer hits out at BharathPe Board Members
Ashneer was stripped last month of all company titles over alleged “extensive misappropriation of company funds” and using “company expense accounts” to “enrich themselves and fund their lavish lifestyles”.
“As a result of his misdeeds, Mr. Grover is no longer an employee, a founder, or a director of the company,” the board said in a statement.
After leaving the company, Ashneer, hits back at Rajnish Kumar, chairman, and Suhail Sameer chief executive officer (CEO) on Thursday. The 40-year-old took social media to comment on the first-quarter results of BharatPe under the current leadership. “So I just heard @bharatpeindia closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able (sic) leadership of Rajnish Kumar and Suhail Sameer,” he wrote in a social media post.
With that, he added, ‘Chaabi chheenna and hatti chalana do alag alag skills hai!’ (snatching the keys and running a corner shop are two different skill sets), Ab Nani yaad aayegi – markets are the ultimate test & truth,” he posted.
So I just heard @bharatpeindia closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able (sic) leadership of Rajnish Kumar and Suhail Sameer. ‘Chaabi chheenna and hatti chalana do alag alag skills hai !’ Ab Nani yaad aayegi – markets are the ultimate test & truth
— Ashneer Grover (@Ashneer_Grover) April 7, 2022
Misuse of funds
Previously, the company also removed Ashneer’s wife Madhuri Jain after an investigation that found misuse of funds during her time as head of controls. Ashneer also decided to quit as BharatPe accused him, his wife, and their relatives of being engaged in extensive misappropriation of company funds and grossly abusing company money to fund their lavish lifestyles.
Amid the tussle, BharatPe co-founder Shashvat Nakrani had said that the whole episode is an oddity and not the norm. The company will turn this crisis into an opportunity.
Ashneer, in return, has also accused BharatPe CEO Sameer of siding with the investors to remove him from the company.
