Active Stocks
Mon Apr 15 2024 09:24:00
  1. Tata Steel share price
  2. 161.10 -1.47%
  1. ITC share price
  2. 424.70 -1.26%
  1. Tata Motors share price
  2. 995.50 -2.24%
  1. Wipro share price
  2. 465.10 -1.23%
  1. State Bank Of India share price
  2. 754.60 -1.58%
Business News/ Companies / People/  Flipkart’s Binny Bansal denies allegations of personal misconduct
BackBack

Flipkart’s Binny Bansal denies allegations of personal misconduct

My plan was to continue in my current role for a few more quarters to continue transition after closing deal with Walmart: Binny Bansal in letter to employees

Flipkart CEO Binny Bansal on Tuesday abruptly resigned from the company. Photo: Hemant Mishra/Mint (Hemant Mishra/Mint)Premium
Flipkart CEO Binny Bansal on Tuesday abruptly resigned from the company. Photo: Hemant Mishra/Mint (Hemant Mishra/Mint)

New Delhi: Binny Bansal on Tuesday said he “strongly denied" all allegation of serious personal misconduct made against him.

In a letter to employees, Bansal said: “My plan was to continue in my current role for a few more quarters to continue transition after closing deal with Walmart."

Flipkart co-founder and group CEO Binny Bansal on Tuesday abruptly resigned from the company following investigation into an allegation of “serious personal misconduct."

In the letter, Bansal said: “My decision to step down has been accelerated by certain personal events that have taken place in the recent past"

Stating that personal events accelerating decision to step down relate to a “claim of serious personal misconduct made against me", Bansal said the investigation, did bring to light lapses in judgment, “particularly a lack of transparency, related to how I responded to the situation."

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 13 Nov 2018, 08:25 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App