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Sachin Bansal, co-founder of Flipkart accused of dowry harassment

Sachin Bansal, co-founder of Flipkart accused of dowry harassment

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  5 March 2020 6:55 AM GMT

NEW DELHI: Sachin Bansal, co-founder of Flipkart has been accused of dowry harassment. Priya Bansal, wife of Sachin, had filed a case against him and his family including his in-laws.

Priya had said that her father had already spent Rs 50 lakh in the wedding. He had also given Rs 11 lakh in cash to Sachin instead of a car. Priya also informed the police that her husband wanted her to transfer properties that belonged to her into his name. When she refused, Sachin had physically assaulted her, she said.

She alleged that her husband and in-laws have been causing her mental and physical torture since the wedding for dowry.

Priya also accused that Sachin Bansal had physically assaulted her sister in Delhi.

A police officer told media that soon after the complaint was filed the family had left the city. A case has been registered under 498(a) (husband's family inflicting cruelty and driving victim to suicide or cause grave injury ) and 314 DP act. Claim reports.

Bansal is currently the CEO of Navi Technologies.

Sachin Bansal exited Flipkart when Walmart bought controlling stake (77 per cent) in it for a whopping $16 billion on May 9, 2018, Binny stayed on to lead its management team.

In June last year, Binny Bansal, the co-founder of India’s leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76.4 million (Rs 531 crore) to world’s retail giant Walmart’s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said.

Binny has “resigned a few months later (November 13, 2018) after an investigation by Walmart into allegations of personal misconduct (sexual harassment) on his part,” the Paper.vc statement said.

The latest sell-off, however, is not Binny Bansal’s first monetisation of his equity holding in 12-year-old Flipkart. “Binny’s holding fell to 63,53,838 shares post-acquisition from 74,76,271 in pre-acquisition. Our assessment is he sold 11,22,433 shares of his for $159 million when Walmart took over Flipkart,” the statement added.

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