Ashneer Grover calls Suhail Sameer 'Nalla' after latter steps down as BharatPe CEO

The BharatPe current CFO, Nalin Negi, who has been appointed interim CEO

FPJ Web DeskUpdated: Tuesday, January 03, 2023, 05:09 PM IST
article-image
Ashneer Grover and Suhail Sameer | Image credit: FPJ

BharatPe announced in a statement that CEO Suhail Sameer "will transition from Chief Executive Officer to Strategic Advisor with effect from January 7, 2023."

The company added that "This will ensure a smooth transition for current CFO, Nalin Negi, who has been appointed interim CEO, to partner with senior executives to bolster execution in all phases of the company's business."

The company's ousted co-founder, Ashneer Grover, reacted to Suhail's exit calling him a "Nalla," which means incapable or incompetent.

He tweeted, "Poem for start of 2023: ‘Chala gaya Suhail Sameer - he was a nalla ! Shashvat - why don’t you man up and sambhalo the galla ?!"

Big exit

The change comes after a controversial year for BharatPe, which saw the big exit of Ashneer Grover, with publicly-made accusations & lawsuits.

The fintech company, BharatPe, on 2022 March 2, removed co-founder Ashneer Grover from all positions of the company, accusing his family of extensively misappropriating the company’s funds. 

Mr. Grover resigned soon after learning that the company's Board would be presented with the results of external consultants' examination of the internal controls, according to BharatPe.

The Grover family is accused of stealing money from the company and using it to support their extravagant lives by creating false vendors.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Here's why stamp duty is payable on the exchange of flats

Here's why stamp duty is payable on the exchange of flats

6 smart ways to manage gap funding

6 smart ways to manage gap funding

The evolution in residential projects is evident in central suburban areas like Sion-Chunabhatti and...

The evolution in residential projects is evident in central suburban areas like Sion-Chunabhatti and...

Before Ashneer Grover's exit, BharatPe lost Rs 5,610.7 cr in FY22

Before Ashneer Grover's exit, BharatPe lost Rs 5,610.7 cr in FY22

Powergrid's pre-qualification norms for drone project seen as restrictive

Powergrid's pre-qualification norms for drone project seen as restrictive