Sandeep Aggarwal, co-founder of ShopClues has filed a defamation suit against his wife Radhika Aggarwal and his colleague Sanjay Sethi, who are also the co-founders of the company, according to this PTI report. The legal suit comes after Sandeep’s allegations that his wife Radhika had ousted him from the company illegally without his knowledge. In a Facebook post last week, Sandeep alleged that his wife “fraudulently…changed (his) voting rights” at ShopClues without his knowledge. He also accused her of falsely inflating her educational qualifications and work experience in order to secure a senior role at ShopClues. However, Sandeep has apologised for his “emotional outburst” on social media. According to the report, his PR team put out a statement saying that “Sandeep has been wronged on multiple counts by people he trusted the most. He is deeply hurt and while he stands by each and every word, he regrets having made the emotional outburst and using public media to express it.” Radhika currently is the Chief Business Officer at ShopClues. She has however denied these allegations, the report added. Sandeep’s involvement in trading fraud Note that Sandeep Aggarwal is also tangled in a fraudulent insider trading involving a US-based investment Company called SAC Capital. FBI agents had arrested Sandeep Aggarwal on insider trading charges in July 2013 and he had been charged with one count of conspiracy to commit securities fraud and one count of conspiracy to commit wire fraud. Sandeep later pleaded guilty to insider trading charges in November 2013 in a…
