Ashneer Grover writes to the Bharatpe board, requesting action against the CEO and the resignation of the chairman

Former Bharatpe CEO Ashneer Grover has written to the company’s board of directors, requesting action against CEO Suhail Sameer and the resignation of chairman Rajnish Kumar, following his insulting remarks on social media.

“Behen- tere bhai ne saara paisa chura liya,” Sameer stated in response to Ashneer’s sister Aashima’s reply on a social media post by former Bharatpe employee Karan Sarki (Sister, your brother has stolen all the money). There isn’t much money left to pay salaries.”

Sarki had addressed the issue of old personnel being fired and the salary not being paid. Sameer’s language in response to the aforementioned social media post, according to Grover’s letter dated April 8, is not only defamatory but “also blatantly a public lie and admission of the company being bankrupt by no less than its own CEO and member of the board by no less than its own CEO and member of the board by no less than its own CEO and member of the board by no less than its own CEO and member of the board by no less than its own CEO and member of the

“According to precedents and the board’s self-proclaimed high standards, the CEO should be handed a show-cause notice for his vile public behaviour and placed on a leave of absence immediately to handle the company’s image harm.”

“Suhail must show the board clearly that he was not under the effect of alcohol or drugs when he sent the aforementioned LinkedIn comment,” Grover added. Bharatpe “completed its first quarter of ‘degrowth’ and’maximum cash burn’ under the able (sic) leadership of Rajnish Kumar and Suhail Sameer,” he tweeted on Thursday. However, a Bharatpe representative claimed that the company had its best quarter ever.

“Our overall revenue increased fourfold compared to the same period last year.” Despite the third wave of Covid-19, growth has been 30% on a quarter-by-quarter basis. All of our measures have grown at the quickest rate month over month,” the official stated.

According to the spokesman, Bharatpe’s merchant total payments value (TPV) increased by 17%, consumer TPV increased by 39%, loans facilitated by 31%, and income increased by 21% in March 2022 over February 2022.

“We’re on target to break even on our merchant business and strengthen our consumer business going forward.” “We request that the media only use official company statements and not those from former workers who no longer have access to company information,” the spokeswoman stated.

Sameer’s dealings should be audited by an independent auditor, according to Grover’s letter, and he should only be reinstated as CEO when the audit report is presented to the board and it exonerates him of any misconduct.

“Anything less in terms of action here would undoubtedly indicate what is a fact,” Grover said, “that what was done to me was a well-planned discriminatory conspiracy by the board at the behest of investors, not a governance review.”

Grover was fired from all roles at Bharatpe in March after the firm discovered Grover’s family and relatives were involved in substantial misuse of the company’s assets.

Grover has demanded a written apology from Sameer, and if he does not receive one, he and his sister may sue the Bharatpe CEO and the firm for damages and criminal defamation.

After receiving backlash from multiple people on social media, Sameer apologised for his words. “In addition, Chairman Rajnish Kumar should resign immediately.” The present event plainly demonstrates that Rajnish Kumar’s sanctioning of Bhavik Koladiya’s life threat from his own home, as well as all the planned media disclosures leading to my departure in self-respect, has empowered the current management to act like hooligans,” Grover stated.

He claims that management believes the board and its chairman have given them a “carte blanche” to go after him and his family without fear of repercussions.

“It also demonstrates that the chairman declined to check into the claims brought against Suhail in the Governance Review, which was supposed to be all-encompassing,” Grover said.