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Former Vungle CEO Zain Jaffer. Screengrab via vungle.com

Zain Jaffer is currently in a Silicon Valley jail cell, after being arrested for sexual assault of a child and attempted murder. He also has been put on indefinite leave as CEO of Vungle, the mobile video ad company that he founded in 2011.

The San Mateo County Sheriff's website shows that 29 year-old Jaffer was initially booked with felony charges for attempted murder, a lewd act on a child, oral copulation of a person under 14, child abuse, assault with a deadly weapon and a misdemeanor charge for battery upon an officer and emergency personnel. The attempted murder charge has since been dropped due to a lack of evidence.

Vungle did not initially issue a comment on Jaffer's arrest, except to say he has been suspended for personal reasons not having to do with the company. It has since issued the following statement:

"While we do not have any information that is not in the public record at this point, these are extremely serious allegations, and we are shocked beyond words. While these are only preliminary charges, they are obviously so serious that it led to the immediate removal of Mr. Jaffer from any operational responsibility at the company. The company stressed that this matter has nothing to do with Mr. Jaffer's former role at the company."

New CEO Rick Tallman later added in a statement that the company learned of the allegations late Monday night and convened a board meeting to remove Jaffer as CEO within 24 hours.

Record: Jaffer was arrested on Sunday and arraigned on Tuesday, according to Forbes, and his next court date is November 1. He is currently being held on bail at the Maple Street Correctional Center in Redwood City, California.

"Mr. Jaffer had pleaded not guilty and had no public comment at this time," Jaffer's attorney, Daniel Olmos, told Axios via email.

Investors: The San Francisco-based company has raised over $25 million in VC funding from firms like Google Ventures, Thomvest Ventures, Crosslink Capital, SoftTech VC and 500 Startups. Investors not represented on the board were informed yesterday of the CEO switch, but not of Jaffer's arrest. Google Ventures CEO David Krane provided the following statement:

"We are horrified by the news about Zain Jaffer and unequivocally condemn such behavior. Our hearts go out to the many people affected, particularly Zain Jaffer's family and the Vungle team."

The story has been updated with an updated timeline of events, and additional details and statements from Vungle and Jaffer's attorney. The headline has also been updated to reflect that the charge for attempted murder has since been dropped.

Go deeper

Updated 33 mins ago - Politics & Policy

"Believe your eyes": Prosecutors make closing arguments in Chauvin trial

Steve Schleicher, an attorney for the prosecution in Derek Chauvin's trial, began closing arguments on Monday by describing in detail George Floyd's last moments — crying out for help and surrounded by strangers, as Chauvin pressed his knee into Floyd for nine minutes and 29 seconds.

Why it matters: The jury's verdict in Chauvin's murder trial, seen by advocates as one of the most crucial civil rights cases in decades, will reverberate across the country and have major implications in the fight for racial justice.

52 mins ago - Technology

Apple to let Parler back onto App Store

Photo: OLIVIER DOULIERY/AFP via Getty Images

Apple will let Parler, a social media app popular with conservatives, back onto the App Store after Parler made attempts to improve its speech detection and moderation.

What's happening: Parler is getting access to Apple's massive App Store again after being suspended for inadequate hate speech policies following the January 6 Capitol riot, according to a letter Apple sent to Congress Monday.

Complaint alleges Amazon interfered in Alabama warehouse unionization vote

A sign outside the Amazon fulfillment center in Beesemer. Photo: Patrick T. Fallon/AFP via Getty Images

A complaint by the Retail, Wholesale and Department Store Union (RWDSU) alleges that Amazon illegally interfered in the union election at its Bessemer, Alabama warehouse, CNBC reports.

The big picture: The RWDSU alleged in its complaint to the National Labor Relations Board that Amazon threatened layoffs, loss of pay or benefits, or a facility closure if workers voted in favor of the effort which flopped earlier this month.

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