Flipkart CEO Binny Bansal Resigns After Sexual Assault Allegation [Forbes]
Walmart Inc. (WMT)
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Source: Forbes
Flipkart Group Chief Executive Officer and co-founder Binny Bansal resigned from Flipkart after allegations surfaced that he sexually assaulted a female worker in 2016. Bansal denies the allegation. (AP Photo/Aijaz Rahi) ASSOCIATED PRESS Walmart announced today that Binny Bansal, CEO of Walmart's Indian e-commerce company Flipkart, had resigned after an internal investigation related to Bansal's personal conduct. Bansal is a co-founders of Bangalore-based Flipkart and is one of India's largest e-commerce players. Bansal decided to step down after acknowledging in an email sent to employees within Flipkart that “recent events risked becoming a distraction,” Walmart said Tuesday. According to the Wall Street Journal , a former Flipkart employee came forward over the summer alleging Bansal had sexually assaulted her sometime around 2016, according to a person familiar with the matter. Walmart interviewed Bansal who told investigators that he had a
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