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Kotak Group plans legal action against BharatPe co-founder over ‘inappropriate’ phone call

Ashneer Grover said the viral recording was faked


Days after a recording purportedly of BharatPe co-founder Ashneer Grover using abusive language against a Kotak Group employee went viral, the bank has said it placed its objections on record and reserves the right to pursue legal action.

Grover had reportedly called a Kotak bank employee and accused the bank of failing to secure financing and allocation of shares in the Nykaa IPO. A four and a half minute long audio clip had been leaked on Soundcloud, where a voice allegedly of Grover is heard using abusive language in Hindi.

In a now-deleted tweet, Grover said, “Folks. Chill. It’s a fake audio by some scamster trying to extort funds (US$ 240K in bitcoins). I refused to buckle. I’ve got more character. And Internet has got enough scamsters.”

However, on Sunday the bank said legal action was being pursued. “This notice was received by us and was replied to appropriately at the time, including placing on record our objections to inappropriate language used by Mr. Grover. Appropriate legal action is being pursued,’ the group said in a statement.

"We would like to confirm that there is no breach or violation by the Kotak Group in any manner whatsoever,” it said.

Following the notice, Grover has denied using unparliamentary language, Livemint reported.

Grover is also among the panellists on the Indian adaptation of “Shark Tank”, streaming on SonyLIV.

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