Updated On: 18 October, 2018 02:10 PM IST | Mumbai | Mohar Basu
Kwan founders decide to buy out CEO's stake in order to protect the company and retain A-list clientele

Anirban Das Blah
In light of the sexual harassment charges levelled against KWAN founder Anirban Das Blah by four survivors in the October 16 edition of mid-day, the talent management company issued a statement on Tuesday, announcing he has been asked to step aside from his duties. Considering Blah was one of the founders of the firm that handles the portfolios of several Bollywood stars, doubts were raised over the future of the company upon his ouster.
In a new statement issued by KWAN on Wednesday, the company reiterated that Blah was relieved of his position, with his stakes being transferred to the remaining 10 partners. The statement read, "The other 10 partners have taken over the entire stake of Anirban Blah in KWAN to ensure his exit. In this regard, the partners and Anirban will enter into the necessary legal documentation to ensure the exit is in accordance with the law."