This comes days after Bloomberg reported that the sacked managing director and co-founder of the fintech startup had bought a Porsche and spent $130,000 or ₹1 crore on a dining table.
Reacting to these claims, Grover said he doesn't hold the Guinness World Record for the most expensive dining table ever. "Is it a space rocket? Is it a time machine? No it's a ₹10 cr dining table !! Haha ! I don't hold the Guinness World Record for most expensive table ever. Nor do I intend to. Press - don't fall for BharatPe Board (undisclosed sources) lies - you'll lose your credibility like them," he said.
The beleaguered BharatPe cofounder further said that the cost of the dining table is not even worth 0.5% of that. "I'd rather put ₹10cr in business and create employment for 1,000 of folks so that they can earn & put dignified meal on their tables for their families. Score; Self Goal (Loss of Credibility) by BharatPe Board / Investors - 1 : Lavishness - 0."
Earlier this month, the board of the BharatPe sacked Grover from all positions — including his title as founder of the fintech firm.
The board accused Grover and his family of "extensive misappropriation" of company funds. "The Grover family and their relatives engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company’s expense account," it had said in a statement.
Prior to his sacking, Grover, who still remains the single largest individual shareholder of the company, had tendered his resignation to the board. The resignation came after BharatPe terminated the services of Madhuri Jain Grover, Ashneer's wife and the head of controls at the fintech unicorn, on grounds of misappropriation of funds.
Ashneer Grover takes a dig at BharatPe CEO for buying BMW - Fortune India
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