Have not terminated services of any employee, says BharatPe Board

The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be taken till the audit has been completed

Amid growing concerns over governance issues, fintech unicorn BharatPe on Saturday said the Board of the company has not terminated the services of any employee at this stage. According to a media report, BharatPe board has decided to terminate the services of Ashneer Grover, the company’s co-founder, and managing director. The report said the decision is based on a preliminary internal investigation that has thrown up indications of financial fraud. It said the company this week has also terminated the services of 15 employees, including Madhuri Jain, head of controls at BharatPe and who is married to Ashneer Grover.

“The Board