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Madhuri Jain Grover Sacked From BharatPe, Alleges “Drunken Orgies” & “Witch Hunt” by Company Members

In January, BharatPe undertook an internal audit of the company’s internal processes and systems by Alvarez and Marsal, a leading management consultant and risk advisory firm. This audit revealed irregularities in dealings with vendors.

Madhuri Jain Grover Sacked From BharatPe. (Photo: India Ahead Network)

WEEKS AFTER BharatPe co-founder Ashneer Grover and his wife Madhuri Jain Grover were sent on leave, the latter was terminated from her post of Head of Controls, on the grounds of misappropriation of funds. Soon after her sacking, Madhuri took to Twitter to accuse the existing board members of drinking in the office, mistreating women and a “perfectly executed witch hunt.”

In January, BharatPe undertook an internal audit of the company’s internal processes and systems by Alvarez and Marsal, a leading management consultant and risk advisory firm. This audit revealed irregularities in dealings with vendors.

Sources told Moneycontrol that the reason for her removal was the “misappropriation of funds and authorisation of inflated bills, among other things”.

Soon after this news broke on Wednesday, Madhuri took to Twitter to express her dissatisfaction, and also allege wrongdoings by existing members of the company.

She wrote, “Congrats @SuhailSameer14 @BhavikKoladiya and Shashvat Nakrani. Now you may indulge in your ‘drunken orgies’ without having to wait for me (righteous lady) to leave office. Slow clap !!”

Suhail Sameer is the CEO of BharatPe, Bhavik Koladiya is the co-founder and Shasvat Nakrani is another co-founder.  

https://twitter.com/madsj30/status/1496304356404371456

She went on to attach clips that allegedly show employees drinking and smoking in office. She also alleged that she was treated like an “object” during this whole episode, while attaching another clip of men and women dancing. 

https://twitter.com/madsj30/status/1496305289766842369

She then said that these people were “snatching” away what Ashneer had single handedly built, and they’re eventually going to “burn the place down.

https://twitter.com/madsj30/status/1496306477782663168

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She even alleged that this whole thing has played out like a “perfectly executed witch-hunt.”

https://twitter.com/madsj30/status/1496312342766047235

Twitter users commented saying how this seemed to be an attempt to take everyone down with her, while she went down. 

BharatPe is a payments company that services shop owners with QR codes enabling digital payments, is facing intense investor scrutiny over alleged corporate governance lapses and also simultaneously witnessing a bitter internal tussle between Ashneer Grover and its present board.

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