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Zilingo Fires CEO in Escalating Clash at Singapore Startup

  • Co-founder Bose is feuding with board, major investor Sequoia
  • The dispute has transfixed Southeast Asian tech and VC circles
Ankiti Bose
Ankiti BosePhotographer: Wei Leng Tay/Bloomberg
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Zilingo Pte has fired co-founder and Chief Executive Officer Ankiti Bose, deepening a dispute 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.