Zilingo Fires CEO as Clash Over Embattled Startup Escalates
Co-founder Bose is feuding with board, major investor Sequoia The dispute has transfixed Southeast Asian tech and VC circles
20 May 2022, 2:31 PM SGT
Ankiti BosePhotographer: Wei Leng Tay/BloombergYoolim Lee and David Ramli
Updated on20 May 2022, 3:10 PM SGT
Zilingo Pte has fired co-founder and Chief Executive Officer Ankiti Bose, deepening a dispute over accounting practices that’s plunged the once high-flying startup into crisis and sent shockwaves through Singapore’s technology industry.
Zilingo ousted Bose after an investigation led by an independent forensics firm into complaints of serious financial irregularities, it said in an emailed statement on Friday. The company “decided to terminate Ms Ankiti Bose’s employment with cause, and reserves the right to pursue appropriate legal action,” it said in the statement.
