Flipkart CEO Binny Bansal quits over allegation of serious personal misconduct
Binny Bansal has announced his resignation as CEO of Flipkart Group, effective immediately, following an independent investigation into an allegation of “serious personal misconduct,” said Walmart Inc., in a statement. The world’s largest retailer said that Mr. Bansal had been an important part of Flipkart since co-founding the company, but that Mr.Bansal made the decision to step down after recent events risked becoming a distraction.
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SOURCE: The Hindu