BharatPe co-founder & MD Ashneer Grover not granted reliefs by SIAC

Grover had filed an arbitration plea to stop a probe into alleged financial mismanagement in the company, and had also sought indemnity

The Singapore International Arbitration Centre (SIAC) has refused to grant emergency relief to BharatPe Co-founder and Managing Director Ashneer Grover from a governance review being conducted by the company, according to sources.

Grover had filed an arbitration plea earlier this month to stop a probe into alleged financial mismanagement in the company. The BharatPe MD, who is on leave till March-end, is also said to be seeking indemnity against future action by the company through the plea. 

“SIAC, in the order itself has said that the question of whether the preliminary investigation’s conclusion is justifiable or not will be considered