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BRIEF-Flipkart's Binny Bansal Says "Strongly Deny" Allegation Of Serious Personal Misconduct


Reuters Last Updated at 13-11-2018 20:11:08 IST
Binny Bansal:

* FLIPKART'S BINNY BANSAL SENDS LETTER TO EMPLOYEES

* FLIPKART'S BANSAL SAYS "MY PLAN WAS TO CONTINUE IN MY CURRENT ROLE FOR A FEW MORE QUARTERS" TO CONTINUE TRANSITION AFTER CLOSING DEAL WITH WALMART

* FLIPKART'S BANSAL SAYS "MY DECISION TO STEP DOWN HAS BEEN ACCELERATED BY CERTAIN PERSONAL EVENTS THAT HAVE TAKEN PLACE IN THE RECENT PAST"

* FLIPKART'S BANSAL SAYS PERSONAL EVENTS ACCELERATING DECISION TO STEP DOWN RELATE TO A "CLAIM OF SERIOUS PERSONAL MISCONDUCT MADE AGAINST ME"

* FLIPKART'S BANSAL SAYS INVESTIGATION, DID BRING TO LIGHT LAPSES IN JUDGMENT, "PARTICULARLY A LACK OF TRANSPARENCY, RELATED TO HOW I RESPONDED TO THE SITUATION"

* FLIPKART'S BANSAL SAYS WILL CONTINUE TO BE A LARGE SHAREHOLDER IN THE COMPANY AND WILL CONTINUE TO SERVE AS A MEMBER OF THE BOARD

* FLIPKART'S BANSAL SAYS "STRONGLY DENY" ALLEGATION OF SERIOUS PERSONAL MISCONDUCT MADE AGAINST HIM

* FLIPKART'S BANSAL SAYS "WILL CONTINUE TO BE A LARGE SHAREHOLDER IN THE COMPANY AND WILL CONTINUE TO SERVE AS A MEMBER OF THE BOARD" Further company coverage:

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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