Flipkart CEO Binny Bansal resigns after sexual assault accusation: Source

In a letter sent to Flipkart employees, Bansal did not give details of the nature of the accusations, but said he strongly denied them and that they were uncorroborated after an investigation completed by an independent law firm. "The allegations left me stunned," said Bansal, who was chief executive of the Flipkart Group from January last year.

Flipkart CEO Binny Bansal resigns after sexual assault
The head of Walmart Inc`s Indian venture Flipkart Group, Binny Bansal, has resigned following a internal probe into "serious personal misconduct", Walmart said. Image source: Reuters

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