Shark Tank India’s Ashneer Grover loses Singapore arbitration, BharatPe probe to continue
Zee News
While the decision on Ashneer Grover’s fate in the company is yet to be decided, the fintech platform BharatPe sacked his wife Madhuri Jain Grover over alleged financial irregularities during her tenure as head of controls that ran into crores.
New Delhi: In a big jolt to BharatPe co-founder and Managing Director Ashneer Grover, he has lost an arbitration in Singapore he filed against the fintech platform for launching a probe against him. His arbitration failed to convince the emergency arbitrator (EA) to stop the ongoing governance review at BharatPe against him, sources told IANS.
The Emergency Arbitrator has rejected all five grounds of his appeal.
Grover had filed an arbitration plea with the Singapore International Arbitration Centre (SIAC).
In his appeal, Grover pleaded that the investigation was illegal because it violated the shareholder agreement and articles of association.
BharatPe did not immediately comment on the judgement.
