The drama with the Housing story refuses to abate after it has been reported that Rahul Yadav, whose resignation letter went viral earlier today, has withdrawn his resignation. Rahul had been criticized severely on social media over his letter, in which he described the Housing.com investors as “intellectually incapable”.
Housing released the following statement from the CEO.
“After some frank and healthy discussions with the Board I have agreed to withdraw my resignation and I apologize for my unacceptable comments about the board members. I look forward to staying on at Housing as CEO and building an even greater company, while working in full harmony with the board” – Rahul Yadav
This is the latest controversy that the retail company has been embroiled in since its launch in 2012. Rahul Yadav,26, had earlier garnered headlines after telling a senior investor to “Die motherf*****”. Housing had also been involved in a legal spat with The Economic Times when he had alleged that the newspaper was criticizing the company to benefit competitor MagicBricks.com, which is also owned by the Times Group. The company has seen its share of tragedy as well when its cofounder was involved in a late night car crash in which an employee was killed.