Board acted quickly: BharatPe co-founder Nakrani on unseating Grover

BharatPe co-founder Shashvat Nakrani has accused Ashneer Grover, with whom he had co-founded the payment startup, of creating a false narrative about the company, and said the board acted quickly and decisively in unseating him after receiving finds of a PwC report.

BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding.

In a letter to employees, Nakrani said the Grover episode was an aberration and not the norm at BharatPe,