New Delhi, Feb 8 (TIWN): The month-long Ashneer Grover saga may be over in another 15-20 days’ time as he plans his exit from fintech platform BharatPe which he co-founded, sensing that he might be asked to go by the Board when two simultaneous internal probes come to conclusions, according to people aware of the matter.

While Alvarez and Marsal, a leading management consultant and risk advisory firm, is expected to submit its report into financial irregularities at the firm during Grover’s time in about 10-15 days, global audit firm PwC has also been roped in auditing the functioning of the fintech platform.  Sources told IANS on Tuesday that Ashneer may decide to sell his 9.5 per cent stake in BharatPe at around $1 billion valuation — much lower than the earlier reported figure of Rs 4,000 crore that he may have received from selling his stake at an earlier $6 billion valuation from the company he co-founded in 2018 with its headquarters in New Delhi. 

Ashneer planning an early exit from BharatPe signals that the audits may bring bad news as according to reports, Alvarez and Marsal have indicated financial irregularities like payments of Rs 53.25 crore to non-existent entities during his tenure, along with irregularities in recruitment processes.