India, April 17 -- Update | April 18, 20:00 PM

A day after it was reported that Medikabazaar removed its founder and former CEO Vivek Tiwari from its board after an investigation found financial fraud, Tiwari has denied any wrongdoings.

In a statement sent to Inc42, Tiwari said, ". I categorically deny all allegations of fraudulent conduct or intentional misrepresentation during my tenure as CEO. The claims suggesting my involvement in any alleged inflation of revenue figures are misleading, and do not reflect the reality of the situation."

According to him, under his leadership, Medikabazaar scaled rapidly while delivering significant impact in the healthcare sector.

"While the current narrative is unfortunate and deeply damaging, I ...