Why Singapore Start-Up Fired Ankiti Bose? Indian-Origin CEO Explains

Ankiti Bose statement on her being fired as the CEO of the Singaporean company Zilingo has fired up the internet. She recently posted her written statement on why she was asked to leave her position. She is also the co-founder of the fashion technology start-up and was allegedly fired for serious financial irregularities.

Bose, on Friday, said that she will be putting out a statement on the conflict of interest issue soon. Abiding by her words, she posted, "I have been suspended for the last 51 days on the basis of an anonymous whistle-blower complaint, and today I am informed that my employment has been terminated inter alia on grounds of 'insubordination."

The company has appointed Kroll and Deloitte to conduct the forensic audit in order to investigate the complaints received by the company against Bose. She also said that she was suspended on the basis that the company had asked Kroll to investigate.

Suggested Reading: Why Was Ankiti Bose Fired From Zilingo?

Ankiti Bose Statement

"I have neither seen the reports and not been given sufficient time to produce any documents requested by them. I have also been receiving a constant barrage of online threats to my life and family. Any report that comes out post my termination would be vitiated as it seems to be instructed by conflicted parties and we will pursue our rights against this witch-hunt to the full extent of the law," she wrote.

She also wrote, "I will be speaking on record shortly with more detail about the conflicts of interest in the manner this process was run and other matters which are being used to defame me including the timeline of events, harassment claims, etc."

Zilingo in a statement that had said, "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 reserve the right to pursue appropriate legal action."

Zilingo is a technology and commerce platform in the fashion industry. It was founded in 2015 by Bose and Dhruv Kapoor. It operates across Hong Kong, Thailand, the Philippines, Australia, India and the United States.