05/08/2022
Zilingo Meltdown: Zilingo’s fallout has affected the Tech industry in South Asia and beyond badly. It puts a question mark in front of the company’s survival.
Why Did Zilingo Fire CEO Ankiti Bose?
Earlier, Ankiti Bose, former CEO of Zilingo was fired from her startup over financial irregularities. Singapore tech darling allegedly suspended Ankiti bose Chief executive officer.
“The company decided to terminate Ms. Ankiti Bose’s employment with cause, and reserves the right to pursue appropriate legal action,” the statement said.
“I feel like my baby has been taken from me,” the 30-year-old said.
In march 31, 2022 she was suspended from the e-commerce company.
“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’,” Bose said.
An investigation was opened about the financial irregularities. However, the probe findings have not been made public.
Within weeks, 100 + staff left the company creditors started recalling their loans.
Reportedly, the fallout of the company was sudden from the outside, however, from the inside red flag was seen a year ago according to a former employee.
https://freakynewz.com/2022/08/05/ankiti-bose-former-ceo-of-zilingo-a-narcissist-heres-hown/