Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe

From Official Sandship Wiki
Revision as of 18:20, 6 July 2020 by LazaroHuonDeKerm (talk | contribs) (Created page with "<br>Nov 13 (Reuters) - Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, [https...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search


Nov 13 (Reuters) - Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, https://jiffybox-wb.constancy.biz/index.php?title=INDIA_PEN_PICS Walmart Inc said in a regulatory filing on Tuesday.

"His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct," Walmart said in a statement, adding that Bansal has strongly denied the allegations.

Walmart bought a roughly 77 percent stake in the Indian e-commerce firm in May.

(Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur)