New Delhi: Bharatpe Co-Founder and MD Asheerer Grover have written to the Fintech Startup Board member to remove the CEO of Suhail Sameer from the board, say three people who know this problem.
Sameer was assigned an operation at the New Delhi-Headquarter company after Grover continued voluntary leave in January.
He was elevated as CEO in August last year.
The development was contrary to the background of alleged financial irregularities in a company supported by Global Tiger recently during a sustainable investigation by Management Consultants and Alvarez and Marsal Risk Advisor companies.
Grover resigned from the daily operation at Fintech in January after triggering a series of controversy, including spitting law with Banker Uday Box.
His wife Madhuri Jain Grover, who served as head of control at Bharatpe, immediately followed a suit with a group of other employees.
GROVERS ownership in the company is being reviewed, said the source.
Grover does not respond to messages from TOI.
When contacted, a spokesman Bharatpe said, “We are very painful that the integrity of the Bharatpe Board or member of the Individual Council is being questioned in time and again through the wrong facts of interpreting and unfounded accusations.” Grover first triggered controversy when the audio file leaked allegedly displaying him Box employees become viral.
While Grover said it was fake, the episode assumed the significance when the legal notice sent by Grovers to the box appeared.
In the notification on October 30, the duo was looking for compensation, claiming that Grover planned to invest Rs 500 Crore in Nykaa through IPO Bank Financing Services.
Interestingly, this was the first time Grover, a former employee of the box, called Sameer, claiming that the bank finished him to buy shares during Nykaa IPO, while failing to do so in the case of the duo.
Bharatpe investors opposed Grover, said Source, and $ 3 billion companies could not give up on their demands for a decent payment to go.
Grover Bharatpe asks the board to delete the CEO
