Flipkart CEO Resigns Due To Misconduct Allegations
- 5 years ago
Business Insider reports that Flipkart Group CEO Binny Bansal has resigned following "an allegation of serious personal misconduct."
Bansal's departure was announced by Press Release.
The release did not elaborate on the allegation but said Bansal "strongly denies" it.
An independent study did not corroborate the allegation.
It found Bansal made lapses in judgment, according to the release.
In May, Walmart agreed to buy a 77% stake in Flipkart for $16 billion.
Bansal's departure was announced by Press Release.
The release did not elaborate on the allegation but said Bansal "strongly denies" it.
An independent study did not corroborate the allegation.
It found Bansal made lapses in judgment, according to the release.
In May, Walmart agreed to buy a 77% stake in Flipkart for $16 billion.