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Binny Bansal the Flipkart CEO has resigned due to serious personal miscount and misconduct it is reported. Binny was one of the co-founders of the Indians biggest online retailer. He, however, has denied the allegations strongly.
Following the allegations, he has resigned with immediate effect. He was forced to resign after an independent investigation was conducted against him in the company.
But there was no concrete evidence against Binny even after the investigation. Kalyan Krishnamurthy will be the new Chief Executive. Walmart is now the parent company for the Flipkart.
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