Zilingo Fires CEO Ankiti Bose For ‘Financial Irregularities’; She Says It’s ‘Due to Insubordination’
Zilingo co founder Ankiti Bose (Image: Instagram/ Ankiti Bose)
Zilingo, however, did not provide any detail linked to the allegations against Ankiti Bose or the findings of the audit.
Zilingo, a B2B fashion startup based in Singapore has asked its CEO and co founder Ankiti Bose to step down from her role after investigating complaints of financial irregularities, the company said in a statement on Friday, May 18. The move by Zilingo Pte comes at a time when the startup is facing a deep crisis due to accounting practices. The crisis at Zilingo, once an ambitious startup, had shocked the technology industry of Singapore.
“Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose’s employment with cause, and reserves the right to pursue appropriate legal action,” a company statement said.
In a separate statement to Bloomberg, Ankiti Bose said her employment was terminated with regards to “insubordination.” Zilingo, however, did not provide any detail linked to the allegations against Bose or the findings of the audit.
(Details to be added soon)
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