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Update: Binny Bansal resigned as Flipkart Group CEO over sexual harassment allegation: Report

Update, November 14: Binny Bansal's resignation was a result of an investigation against him looking into an allegation of sexual assault from a few years ago, according to Reuters. The report cites an anonymous source familiar with the matter as saying that the individual concerned was a former Flipkart associate who was not with the company at the time of making the allegation, but that the allegation was brought to Flipkart's notice in July. A Moneycontrol report cites an anonymous source as saying that the development was related to a complaint from a female colleague a few months ago. In its statement announcing the resignation, Walmart didnot specified the nature of allegations of "personal misconduct" made against Bansal. ** Earlier, November 13: Binny Bansal has resigned from Flipkart as group CEO after Flipkart and Walmart conducted an independent investigation into allegations of personal misconduct…

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