BharatPe has removed Ashneer Grover, the company's co-founder and MD.

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Image source: LinkedIn/Ashneer Grover

Ashneer Grover, co-founder and managing director (MD), was removed from all positions at fintech platform BharatPe on Wednesday. Grover's family and relatives were accused by the fintech firm of misappropriating corporate funds on a large scale.

BharatPe stated in a statement that it maintains the right to pursue additional legal action against Grover and his family, but it did not comment on his resignation.

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