Flipkart's co-founder Binny Bansalstepped down from the Walmart-owned company on Tuesday, and now a report claims an investigation into the accusations of misconduct found that he had a consensual affair with the woman.
The woman, who was allegedly assaulted by Binny, approached Walmart and the US company set up a team for a probe.
There were lapses in judgment, lack of transparency: Walmart
"While the investigation did not find evidence to corroborate the complainant's assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation," a statement by Walmart read.
While Binny's resignation shocked many across ranks in Flipkart, some weren't surprised. A former executive said Binny was due to leave the company anyway, if not now then maybe next year. Binny too told employees he would continue as CEO for only few more quarters.