{"id":4317,"date":"2018-11-13T13:49:31","date_gmt":"2018-11-13T13:49:31","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/flipkart-boss-resigns-after-misconduct-investigation\/"},"modified":"2018-11-13T13:49:31","modified_gmt":"2018-11-13T13:49:31","slug":"flipkart-boss-resigns-after-misconduct-investigation","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/flipkart-boss-resigns-after-misconduct-investigation\/","title":{"rendered":"Flipkart boss resigns after misconduct investigation"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Flipkart sign\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/11094\/production\/_104308796_flipkart.neon.sign.g.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Binny Bansal, chief executive of India&#8217;s biggest online retailer, Flipkart, has resigned following an investigation into personal misconduct.<\/p>\n<p>Flipkart and its owner, Walmart, launched the investigation after a complaint of &#8220;serious personal misconduct&#8221; was made against Mr Bansal.<\/p>\n<p>The inquiry did not find evidence to back up the allegation, but did &#8220;reveal other lapses in judgement&#8221;.<\/p>\n<p><a href=\"https:\/\/www.bbc.co.uk\/news\/business-44050180\" class=\"story-body__link\">Walmart paid $16bn (\u00a312.3bn) earlier this year<\/a> to take control of Flipkart.<\/p>\n<p>Mr Bansal had &#8220;strongly denied&#8221; the allegation made against him, but the companies did not give any further details about what the allegation was.<\/p>\n<p>However, in a combined statement, they said that Mr Bansal had shown &#8220;a lack of transparency&#8221; in his response to the situation.<\/p>\n<p>Mr Bansal co-founded Flipkart in 2007 with Sachin Bansal who, despite sharing the same surname, is not related.<\/p>\n<p>Sachin Bansal left the company shortly after the deal with Walmart.<\/p>\n<p>The companies said that Binny Bansal had been considering leaving as well: &#8220;Binny has been contemplating a transition for some time and we have been working together on a succession plan, which has now been accelerated.&#8221;<\/p>\n<p>Their statement added: &#8220;We remain committed to investing for the long term and are supportive of the leadership team&#8217;s desire to evolve into a publicly traded company in the future.&#8221;<\/p>\n<p>Kalyan Krishnamurthy takes over as chief executive.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46197549\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Binny Bansal, chief executive of India&#8217;s biggest online retailer, Flipkart, has resigned following an investigation into personal misconduct. Flipkart and its owner, Walmart, launched the investigation after a complaint of &#8220;serious personal misconduct&#8221; was made against Mr Bansal. The inquiry did not find evidence to back up the allegation, but did &hellip; <\/p>\n","protected":false},"author":0,"featured_media":4318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4317"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4318"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}