E-commerce platform Zilingo has terminated its chief executive Ankiti Bose, also the co-founder of the firm, following an investigation into complaints of serious financial irregularities.
In a statement yesterday, the Singapore-based firm said it decided to terminate Ms Bose’s employment “with cause” and it reserves the right to pursue appropriate legal action.
The start-up, which counts Sequoia Capital India, Singapore investment company Temasek and the Economic Development Board’s investment arm EDBI among its investors, had suspended Ms Bose on March 31.
Zilingo said Ms Bose brought “certain harassment-related issues pertaining to past time periods” to the attention of the firm’s board on April 11. These issues did not include any harassment complaints against investors or their nominees, it added, noting that a top consulting firm had been engaged to look into the claims.
This story is from the May 21, 2022 edition of The Straits Times.
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This story is from the May 21, 2022 edition of The Straits Times.
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