Ankiti Bose, the CEO of Singapore’s B2B fashion firm Zilingo, was sacked for alleged financial irregularities, bringing an end to a long-running feud between the company’s shareholders, board, and founder. On April 12, Bose had been suspended from the company.
“Following an investigation led by an independent forensics firm commissioned to look into complaints of serious financial irregularities,” the company said in a statement. “The company has decided to terminate Ankiti Bose’s employment with cause, and reserves the right to pursue appropriate legal action.”
Zilingo, one of Southeast Asia’s most well-known tech startups, said in a statement that after Bose was suspended from her position as CEO on March 31, she brought to the board’s attention some previous harassment claims, but that it did not include any complaint against Zilingo’s investors or their nominees.
“The firm had instructed Kroll to examine the issue, therefore I was suspended.” I have not seen the Kroll or Deloitte reports, and I have not been given enough time to furnish any papers they have asked. Any report issued after my firing would be tainted since it appears to be influenced by conflicted parties, and we will vigorously defend our rights against this witch-hunt to the full extent of the law,” Bose said in a statement released Friday afternoon.