Binny Bansal, CEO of Walmart-owned Flipkart, resigns after misconduct probe

Binny Bansal, CEO of Walmart-owned Flipkart, resigns after misconduct probe

6 years ago
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https://www.cnbc.com/2018/11/13/flipkart-group-ceo-binny-bansal-resigns-after-misconduct-probe--.html

The head of Walmart's Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into "serious personal misconduct", a shock to the U.S. retailer's efforts to compete with Amazon in India's huge consumer market.

Bansal, 37 and one of the most high profile of India's new generation of young, tech-savvy billionaires, has strongly denied the allegations, Walmart said.

Binny Bansal, CEO of Walmart-owned Flipkart, resigns after misconduct probe

Nov 13, 2018, 2:59pm UTC
https://www.cnbc.com/2018/11/13/flipkart-group-ceo-binny-bansal-resigns-after-misconduct-probe--.html > The head of Walmart's Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into "serious personal misconduct", a shock to the U.S. retailer's efforts to compete with Amazon in India's huge consumer market. > Bansal, 37 and one of the most high profile of India's new generation of young, tech-savvy billionaires, has strongly denied the allegations, Walmart said.