scorecardBharatPe fires Ashneer Grover’s wife Madhuri Jain and she takes to Twitter to make a new set of allegations against the company
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BharatPe fires Ashneer Grover’s wife Madhuri Jain and she takes to Twitter to make a new set of allegations against the company

BharatPe fires Ashneer Grover’s wife Madhuri Jain and she takes to Twitter to make a new set of allegations against the company
Business2 min read
Madhuri Jain, former head of controls at BharatPe    BCCL
  • BharatPe has fired cofounder Ashneer Grover’s wife Madhuri Jain on charges of ‘misappropriation of funds’.
  • It is important to note that Jain has been incharge of BharatPe’s finances since October 2018.
  • Jain took to Twitter to call out BharatPe’s founder as well as the chief executive officer Suhail Sameer for alleged misdemeanour.
Merchants payments platform BharatPe has fired cofounder Ashneer Grover’s wife Madhuri Jain on charges of ‘misappropriation of funds’, a source aware of the development told Business Insider.

The decision came into effect on February 22, 2022.

The development comes after Jain was named in the preliminary investigation by global professional services firm Alvarez & Marsal (A&M), which linked her to financial irregularities in the fintech startup. It is important to note that Jain has been incharge of BharatPe’s finances since October 2018.

The development was first reported by The Economic Times.

Earlier on Wednesday, Jain took to Twitter to call out BharatPe’s cofounder as well as the chief executive officer Suhail Sameer for alleged misdemeanour. She also alleged that she was treated like an "object" at the place of work and the “male chauvinistic board” supported it.

“And drink and smoke in [the] office and burn the place down! For you have no pain for what @Ashneer_Grover built single handedly and you snatched!!,” she added. Jain also tagged chairman of the board of directors Rajnish Kumar, a former State Bank of India (SBI) chairperson, in this Twitter thread.

Ashneer Grover too has previously attacked Kumar, cofounder Bhavik Koladiya and Suhail Sameer as well. While Grover accused Kumar of being biased and prejudiced, he claimed Koladiya was abusive. He has also filed an arbitration plea in Singapore International Arbitration Centre (SIAC) claiming the company’s investigation against him is illegal, a person directly aware of the matter told Business Insider.

BharatPe has reportedly officially reached out to Ashneer Grover to prevent him from “spreading false and accusatory information.”

"You have been indulging in spreading false and accusatory information about the senior management of the company to the family members and/or spouses of the said members of the senior management. Such abhorrent conduct on your part is completely unwarranted, and the company takes strong objection to the same. You are again called upon to cease and desist from spreading false and inflammatory content about the members of the senior management of the company. Your conduct in this regard is completely unbecoming of a managing director of the company," the firm said in its response letter to Grover's email on February 22. The letter was accessed by MoneyControl.

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