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.

Close