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Facing Governance Issues, BharatPe Orders Independent Internal Audit

Facing Governance Issues, BharatPe Orders Independent Internal Audit

NDTV
Saturday, January 29, 2022 10:21 AM GMT

BharatPe announced on Saturday that an independent audit of its internal process and systems is being conducted

Amid growing concerns over governance issues, fintech company BharatPe announced on Saturday that an independent audit of its internal process and systems is being conducted.

The development comes just days after its founder Ashneer Grover took voluntary leave till March-end. Mr Grover had taken the decision to proceed on leave on December 19, after an audio clip had exposed a huge fight between him and the Kotak Mahindra Bank.

Meanwhile Mr Grover's wife, Madhuri Jain Grover - who is also working with the company - too proceeded on leave, agencies reported. 

According to sources, Madhuri - who is the Head of Controls - has gone on leave, and with the company undertaking an independent audit, there could be governance-related issues at BharatPe that could now come to the fore, as per agency reports. BharatPe did not comment on Madhuri's exit.

Read full story on NDTV
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