Suhail Sameer was referred to be incompetent in a poem by former TV personality and co-founder of fintech unicorn BharatPe, Ashneer Grover.
Ashneer Grover, a TV personality and former co-founder of the fintech startup BharatPe, has written a poem in which he criticizes the business, its founder Shashvat Nakrani, and its former CEO Suhail Sameer. He referred to Sameer as being incompetent while asking Nakrani to run the company.
Poem for the beginning of 2023: “Chala Gaya Suhail Sameer- he was a nalla!” tweeted Grover. Why don’t you man up and sambhalo the Galla, Shashvat? For my pals who speak English: Galla is in charge of business and Nalla (Nalayak) is incapable. At the time this story was being written, his tweet had received over 294,000 views, 4,700 likes, and 233 retweets.
On January 3, Suhail Sameer resigned from his position as CEO of BharatPe. From overseeing the day-to-day operations of the business, Sameer will now serve as the Strategic Advisor.
Suhail Sameer will shift from Chief Executive Officer to Strategic Advisor from January 7, 2023, according to a statement from BharatPe. This will make the transition for the existing CFO, Nalin Negi, who has been named interim CEO, seamless. Negi will work with senior executives to improve execution throughout all areas of the company’s operations.
Due to his one-liners and no-nonsense demeanor in the first season of the entrepreneurship-focused reality show Shark Tank India, Ashneer Grover became well-known. In addition to this, he was seen in TVF Pitchers season 2. In 2022, Grover also published his first book, Doglapan.
Ashneer Grover, his wife Madhuri Jain Grover, and several members of his family are currently involved in a legal dispute with BharatPe. In order to remove Ashneer Grover’s restricted shareholding and co-founder title due to alleged irregularities, BharatPe has filed three legal actions against Grover, his wife, and other family members: a civil lawsuit in the Delhi High Court, a criminal complaint with the Economic Offences Wing (EOW), and an arbitration.
In the 2,800-page Delhi High Court complaint, the Grovers are accused of fabricating invoices, hiring fictional vendors to perform services for the business, and overcharging the business for them. The unicorn has sued Grover, his wife, and his brother for more than Rs 88 crore in damages.
These losses include claims for payment of Rs 71.7 crore against invoices from nonexistent vendors, Rs 1.66 crore in penalties paid to the GST authorities, Rs 7.6 crore in payments to vendors for allegedly providing recruitment services, and Rs 5 crore in losses for damage to the company’s reputation caused by Grover and his family members’ tweets and comments.
These losses include claims for payment of Rs 71.7 crore against invoices from nonexistent vendors, Rs 1.66 crore in penalties paid to the GST authorities, Rs 7.6 crore in payments to vendors for allegedly providing recruitment services, and Rs 5 crore in losses for damage to the company’s reputation caused by Grover and his family members’ tweets and comments.