Probe 'did not find evidence to corroborate complainant's assertions against Binny,' but there were judgment lapses
Binny Bansal. Pic/PTI
The statement pointed out that the "deliberate and thorough" investigation "did reveal other lapses in judgement, particularly lack of transparency, related to how Binny responded to the situation. Because of this, we have accepted his decision to resign". Bansal's resignation as the CEO of Flipkart Group is with immediate effect. He was serving as the Group CEO after Walmart's mega $16 billion investment in the Bengaluru-based company.
Kalyan Krishnamurthy will continue to be CEO of Flipkart, which will now include Myntra and Jabong, continuing to operate as separate platforms within Flipkart, the statement said. Ananth Narayanan will continue as CEO of Myntra and Jabong and will report to Krishnamurthy.
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