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Flipkart boss resigns after misconduct investigation

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Binny Bansal, chief executive of India’s biggest online retailer, Flipkart, has resigned following an investigation into personal misconduct. Flipkart and its owner, Walmart, launched the investigation after a complaint of “serious personal misconduct” was made against Mr Bansal. The inquiry did not find evidence to back up the allegation, but did “reveal other lapses in judgement”. Walmart paid $16bn (£12.3bn) earlier this year to take control of Flipkart.

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