Insta
Flipkart CEO Binny Bansal Quits After Investigations Into Sexual Assault Allegation
Swarajya Staff
Nov 14, 2018, 04:11 PM | Updated 04:11 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Binny Bansal, the chief executive officer (CEO) of Flipkart Group, has resigned post an independent investigation into a former employee’s allegation that he had sexually assaulted her sometime around 2016, The Wall Street Journal has reported.
As per the report, Walmart interviewed Bansal who told investigators that he had a consensual relationship with the woman and denied having assaulted her. It also came to light that Bansal did not disclose the allegations against him during the due diligence process leading to acquisition or revealed the fact about him hiring security personnel to privately deal with the matter.
The Walmart instituted investigation didn’t find evidence to corroborate the complaint against him but established other “lapses in judgement” and a “lack of transparency” in Bansal’s response to the situation.
In an e-mail statement to the Flipkart employees, Bansal denied the allegation saying, “These events relate to a claim of serious personal misconduct made against me, which was uncorroborated after a thorough investigation completed by an independent law firm. The allegations left me stunned and I strongly deny them.”
Walmart acquired a 77 per cent stake in Flipkart in May 2018 for $16 billion.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.