BharatPe CEO called co-founders over drinks to poison them against me: Ashneer

New Delhi:  Former BharatPe co-founder and managing director Ashneer Grover has alleged in his book ‘Doglapan’ that current BharatPe CEO Suhail Sameer called co-founders Bhavik Koladiya and Shashvat Mansukhbhai Nakrani for drinking sessions to poison them against him.

Facing a civil lawsuit in the Delhi High Court for Rs 88.6 crore fraud at BharatPe during his tenure, Grover wrote that taking advantage of the fact that “I do not indulge in alcohol, he would call Bhavik and Shashvat for drinking sessions and poison them against me”.

“Suhail detested Madhuri because she saw through his nefarious designs early. Along the way, he was also insecure as I had informed him that a new CFO would be joining us soon, which he thought would clip his wings,” Grover wrote in the book.

Grover further alleged that he gave Sameer more ESOPs than anyone else had been given in Indian startups, “giving him Rs 11 crore of liquidity within a year, besides making him the CEO and even a director on the board”.

“His payback, of course, was in the form of a betrayal,” Grover added.

Last week, Grover tweeted that Sameer allegedly spent money on personal expenditures raised by him, but is unable to help the fintech firm grow.

Grover said that Sameer allegedly spent money raised by him to travel to Australia for the recently-concluded T20 World Cup.

“Suhail (CEO) — bahut aish kar li Ashneer ke raised funds pe. Ladkiya bhi ghuma li Australia. Par hai to hum nalle – hiring, product, tech, UNITY bank, PA license, mkt share — kuchh nahi hil raha humse. Kya karenge? (Had a gala time with money Ashneer raised in Australia but I am unable to help the company on the hiring, product, tech UNITY Bank, payment aggregator (PA) license and market share fronts, what to do?)”, tweeted Grover.IANS

Sensex, Nifty witness worst week since March 15 amid Iran-Israel conflict

Mumbai: Ending a four-day losing streak, India's benchmark indices closed higher on Friday led by HDFC Bank and Bajaj Finance, among other factors. The Sensex ended 599 points, or 0.83...

UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024

New Delhi: The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per...

‘Above normal monsoon rainfall in 2024 bodes well for agricultural sector’

Chennai: The India Meteorological Department's (IMD) above-normal rainfall forecast for 2024 southwest monsoon (June-September) bodes well for the agriculture sector and will also keep a check on food prices, an...

RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc

Mumbai: India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta...

RBI leaves key repo rate unchanged, focus on keeping inflation in check

Mumbai: The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with...

RBI may cut repo rate only in Q3 FY25: SBI economist

Chennai, April 2 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a...

World should develop the concept of Green GDP: PM Modi

New Delhi: Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building 'Green GDP'...

US court orders Byju’s to freeze $533 million owed to lenders

New York: The steering committee representing term-loan lenders of Byju's $1.2 billion loan on Friday said that a US judge has ordered to prohibit further movement or use of $533...

Strong demographic trend a structural positive for India: Morgan Stanley

New Delhi: India’s demographic trend of a younger workforce positions it positively as most large economies face shrinking working-age populations and tight labour markets, global brokerage, Morgan Stanley said. Per...

EAM Jaishankar calls FTA with four European nations ‘a bold achievement’

New Delhi: Calling the signing of the India-EFTA Trade and Economic Partnership Agreement (TEPA) a "bold achievement", External Affairs Minister S. Jaishankar said on Sunday that the move reflects a...

India has 8,000 startups led by women with $23 bn in funding: Report

New Delhi: India is now home to more than 8,000 startups that have women founders with a cumulative funding of nearly $23 billion till now, a report showed on Thursday....

RBI’s punitive actions will keep NBFCs on the edge

New Delhi: In continuation with its system clean-up mission, the RBI imposed an embargo on IIFL’s gold loan business on March 4 and on JM Financial Products’ (subsidiary of JM...

Read Previous

Our destiny was to suffer before World Cup triumph: Argentina keeper Martinez

Read Next

Bryan Adams would opt for a cup of tea over sex despite doctor’s advice

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com