Battle for power at Uber as investor sues ex-CEO Travis Kalanick alleging fraud

Benchmark Capital accuses Travis Kalanick of fraud to 'increase his power over Uber for his own selfish ends' as former CEO calls the case 'riddles with lies'

Travis Kalanick is being sued by one of Uber's largest investors, Benchmark Capital, which accuses the former chief executive of engaging in fraud in order to "increase his power over Uber for his own selfish ends".

The Benchmark complaint exposes an ugly battle for power at the top of the nearly $70bn startup, which has been buffeted from crisis to crisis all year and is still searching for a replacement for Kalanick.