After BharatPe Founder Ashneer Grover, His Wife Now On Leave Amid Company's Independent Audit: Report

This comes about a week after the co-founder of BharatPe went on leave.

BharatPe co-founder Ashneer Grover. (Getty Images)

New Delhi: BharatPe co-founder Ashneer Grover’s wife Madhuri Jain Grover, also working with the company, has now gone on leave amid the firm undertaking an independent audit of its internal processes and systems

This comes about a week after the co-founder of BharatPe went on leave.

Madhuri, who is the Head of Controls, has gone on leave, and with the company undertaking an independent audit, there could be governance-related issues at BharatPe that could now come to the fore, said sources, PTI reported.

BharatPe in a statement said “the board is committed to the highest standard of corporate governance at the company and "is doing an independent audit of the company's internal processes and systems”.

“BharatPe, through its legal firm, Shardul Amarchand Mangaldas has appointed Alvarez and Marsal, a leading management consultant and risk advisory firm to advise the Board on its recommendations,” the statement said.

“The Board strongly believes in protecting interests of all stake holders, including customers, employees and partners,” the statement added requesting the media not to speculate until audit findings have been completed.

BharatPe, however, did not comment on Madhuri’s exit.

The co-founder of BharatPe had earlier on January 19 said that he was taking a voluntary leave till March.

Earlier this month, an audio clip surfaced on social media with claims of Grover abusing and threatening a Kotak Mahindra Bank employee for missing out on share allotment during the initial public offering (IPO) of FSN E-Commerce Ventures, which operates online fashion and wellness company Nykaa.

Grover rubbished the clip stating that it was “fake” and put out by a “scamster” but he subsequently deleted the post.

It later emerged that Grover and his wife had sent a legal notice to Kotak earlier in October last year for failure to provide financing for the Nykaa IPO.

The Mumbai-based lender had responded on January 9 stating it will take legal action against Grover.