MCA looking at BharatPe Board's conduct in Ashneer Grover controversy

Ashneer Grover last week resigned as company's managing director and director, says he will cooperate with ministry.

The Ministry of Corporate Affairs (MCA) is looking at the conduct of fintech unicorn BharatPe’s board in the Ashneer Grover issue, according to a source close to the developments.
 

Last week, Grover had resigned as the managing director and director within minutes of the agenda of a board meeting being set to discuss the alleged financial wrongdoings by his family.
 

“I haven’t (made a representation to MCA). But I’ll be pleased to cooperate with MCA as an Indian MD and shareholder who has been wronged,” the embattled founder said in a text message on Wednesday.
 

The company did not respond