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BharatPe sacks Ashneer Grover’s wife Madhuri Jain, cloud over use of funds

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BharatPe sacks Ashneer Grover’s wife Madhuri Jain, cloud over use of funds

FINTECH COMPANY BharatPe has terminated the services of Madhuri Jain Grover, the wife of former control chief and co-founder Ashneer Grover, for alleged financial irregularities, The Indian Express has learned.

The company confirmed the development but gave no reason for the move. “At your request, we can confirm that Madhuri Jain Grover’s services have been terminated in accordance with the terms of her employment contract,” a company spokesperson said.

Sources told The Indian Express that Madhuri’s services were suspended for allegedly “misappropriating funds” and using company funds to buy beauty products and pay for family trips to the US and Dubai. The stock options granted to her have also been terminated under the employment contract, the sources said.

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The termination letter details the alleged financial irregularities, the sources said. Ashneer and Madhuri were both fired from the company in January when the allegations surfaced.

Ashneer, who has been on three-month leave, is said to be close to an out-of-court settlement with BharatPe after filing an emergency petition with the Singapore International Arbitration Centre to drop the company’s investigation. He is believed to be seeking compensation for future liabilities while selling his shares back to the company.

Ashneer and Madhuri did not respond to queries from The Indian Express.

Late Wednesday, Madhuri posted a series of tweets and videos that appeared to show BharatPe employees partying in the workplace.

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In a tweet, she accused them of inappropriate behavior at the office, “chauvinism” and “denounced them.” She posted screenshots of messages purportedly between an executive and her husband and questioned the governance review process that led to the dismissal. She also released an alleged recording of BharatPe co-founder Bhavik Koladiya calling her husband to ask him to attend the meeting.

The development comes close on the heels of an audit report prepared by A&M, a risk advisory firm roped in to look into the company’s corporate governance. According to some of the preliminary findings of the report, payments were allegedly made to “dubious” recruitment firms with crores of rupees spent on “non-existing” vendors and “questionable invoices” created to substantiate such spends.

BharatPe, through his law firm Shardul Amarchand Mangaldas, hired A&M to investigate internal governance issues – in particular to assess whether senior management had made appropriate internal disclosures of personal investments and to check for conflicts.

Complete News Source : The Indian Express

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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