GET Stock QuotesNews18 APP
News18 English

Madhya Pradesh


Poll in 1 seat deferred




2-min read

Police File Non-Cognisable Case Against Woman on Binny Bansal’s Complaint, Close it Later

Flipkart Co-founder Binny Bansal had alleged in his complaint that the woman was sending threatening mails to him.


Updated:November 23, 2018, 8:06 PM IST
Police File Non-Cognisable Case Against Woman on Binny Bansal’s Complaint, Close it Later
File photo of Flipkart co-founder Binny Bansal.
Bengaluru: A non-cognisable case was filed against a woman on a complaint by Flipkart Co-founder Binny Bansal, who recently quit as the Group CEO over allegations of "serious personal misconduct", but was later closed after a brief probe, a senior police official said on Friday.

Bansal had alleged in his complaint that the woman was sending threatening mails to him, the official said on the condition of anonymity.

The firm owner Walmart Inc had announced on last Tuesday that Bansal had resigned as the group Chief Executive Officer after an independent probe into allegations of "serious personal misconduct".

Repudiating the charges, Binny, 37, had said that he was "stunned" by the allegations and added that he would, however, continue to remain a large shareholder and board member of the company that he had co-founded 11 years ago. "The Koramangala police had filed a non-cognisable case against a woman. Bansal had alleged that the woman was sending threatening mails to him," the officer said.

The complaint, after a few days of investigation, was closed, the officer said, but declined to disclose further details.

Non-cognisable offence refers to an offence in which the police has no authority to apprehend a person for crime on their own. Under this law, the police require a warrant to arrest an accused and a court's prior approval to begin investigation.

Bansal's exit came just months after Flipkart was acquired by Walmart. He was serving as Group CEO after Walmart's mega USD 16 Billion investment in the Bengaluru-based company.

Walmart, in its statement, had said Binny's decision to step down followed an independent investigation done on behalf of Flipkart and Walmart, even though the probe "did not find evidence to corroborate the complainant's assertions" against him.

The company, however, did not provide details of the nature of misconduct or the findings of the probe for which it had engaged a global law firm.

The probe that began in July did not involve an employee of Flipkart, according to sources which had indicated that the complainant was associated with the firm a few years ago, but was now running her own venture. The matter is in "personal realm," they added. This, however, could not be independently ascertained.

Binny had co-founded Flipkart with his IIT-Delhi batchmate Sachin Bansal in 2007. Sachin Bansal (not related) left the company, selling his entire 5.5 per cent stake to Walmart, as part of the mega USD 16-billion deal with the US retail behemoth in May.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Reliance 1,110.50 1.18
Yes Bank 186.60 4.92
Dr Reddys Labs 2,586.35 -4.78
ICICI Bank 349.95 2.09
Kotak Mahindra 1,237.15 1.51
Company Price Change %Gain
Yes Bank 186.80 5.30
Reliance 1,110.50 1.30
Axis Bank 619.35 2.50
TCS 2,018.70 1.02
Hero Motocorp 3,265.30 7.57
Top Gainers
Company Price Change %Gain
Hero Motocorp 3,258.65 7.23
Indiabulls Hsg 734.30 5.97
UPL 790.05 5.63
Bharti Airtel 305.55 5.27
Adani Ports 374.45 5.26
Company Price Change %Gain
Hero Motocorp 3,265.30 7.57
Yes Bank 186.80 5.30
Bharti Airtel 305.20 5.21
Adani Ports 374.40 4.90
Tata Steel 520.40 3.75

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results