Singapore's Zilingo fires CEO Ankiti Bose after suspension









May 20 - Singapore-based fashion startup Zilingo has fired its Chief Executive Officer Ankiti Bose after an independent investigation into "complanits of serious financial irregularities." the company said in an emailed statement on friday.



On march 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts.



Bose told Reuters in a messaged explanation that Zilingo had education corporate gamble consultancy kroll to examine an "mysterious informant grumbling" against her and said-that she had been illegitimately excused.


Bose, who was at first suspended by Zilingo on walk 31 forthcoming the best test, additionally said that this week she had informed the board exhaustively about "how much badgering and coercion" she had gone throught in the beyand couple of years.


"At the place of my implied end, I still can't seem to be given the discoveries of both kroll and deloittte and my reports beginh fragmented the board has illegitimately ended me today for 'rebellion' without allowing me an opportunitty to address completely the worries that have been raised.' she said.


kroll declined to remark. Deloitte didn't promptly answer email and telephone demands for input. Zilingo didn't promptly answer a messaged demand for input.


Zilingo didn't give insights concering the test in its articulation yet added that a top counseling firm was named to investigate the cases of "badgering" brought to the board's notification by bose after her suspension.


zilingo said the examination had " reasoned that the organization made a proper move and followed fair treatment to address these grumbling thar were brought to their notification



following the review of credits by debtholders, a free monetary guide was selected by the organization which is amidst surveying choices for the business, more data willl be given at appointed time, it added.


Zilingo was begun as a southeast asis-centered online business firm,, after some time , it turned into a world wide inventory network for the attire business, supporting and different administration.


The organization - which has around 600 representatives in eight nations - brought USD 226 million up in its last gathering pledges round in mid 2019. the rasing money had esteemed the organization at about USE 1 billion.


According to openly accessible records on singapore's book keeping controller's site the organization has not documented yearly returns for 2020 and 2021 up untill this point.


Temasek had recently upheld the examination saying it uphold the organization board's turn.