Info Edge files FIR against 4B Networks founder over alleged misuse of funds.

Info Edge, the parent company of job portal Naukri, has filed an FIR against 4B Networks founder Rahul Yadav and others, accusing them of misusing funds. Info Edge initiated arbitration after 4B Networks failed to provide necessary details for a forensic audit. Due to financial issues including excessive cash burn and liquidity problems, Info Edge wrote off its Rs 276 crore investment in 4B Networks in December 2022.

4 months ago
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