New Delhi: An independent probe into allegations of “serious personal misconduct” by Binny Bansal had concluded that the Flipkart co-founder and the woman had a consensual affair, according to a Bloomberg report. Also Read - Harvey Weinstein, 68, Gets Coronavirus in Prison Serving 23 Years of Sentence For Rape And Sexual Assault
Bansal resigned as the group chief executive officer on Tuesday immediately after independent investigation done on behalf of Flipkart and Walmart, even though the probe “did not find evidence to corroborate the complainant’s assertions” against him. Also Read - Harvey Weinstein Hospitalised Due to Chest Pain After Receiving 23-Years of Imprisonment in Landmark #MeToo Case
According to sources, the probe — that began in July — did not involve an employee of Flipkart. They indicated that the complainant was associated with Flipkart a few years ago and is now running her own venture. The matter is in “personal realm,” they added. Also Read - Harvey Weinstein Gets 23 Years of Jail Sentence in Rape And Sexual Assault Case, Read on
This, however, could not be independently ascertained.
“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. Because of this, we have accepted his decision to resign,” Walmart said in its statement.
It added that the events surrounding the allegations had “risked becoming a distraction”, prompting Bansal’s decision to step down. He had been appointed group CEO in January last year.
Vehemently denying the charges against him, Bansal said he was ‘stunned’ by the allegations. In an email to employees, Binny said he had been mulling over the right time to step away from an operating role at Flipkart Group for some some time.
Binny added that he will continue to remain a large shareholder and Board member of the company that he had co-founded 11 years ago.
Binny had co-founded Flipkart with his IIT-Delhi batchmate Sachin Bansal in 2007. Sachin Bansal (not related) left the company, selling his entire 5.5 per cent stake to Walmart, as part of the mega USD 16-billion deal with the US retail behemoth in May.