• Thursday, May 19, 2022

Business

CEO Of Walmart’s Indian Venture Flipkart Resigns After Misconduct Probe

By: Radhakrishna N S

The chief executive and co-founder of Walmart’s Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc said in a regulatory filing on Tuesday (13). Bansal has strongly denied the allegations, the company said in a statement. Bansal and his representatives could not be reached for comment. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgement, particularly a lack of transparency, related to how Binny responded to the situation,” the company said. “Because of this, we have accepted his decision to…

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