Bose said the “ambiguity of information” regarding him as a board member and shareholder was the key reason for his decision. She said she remains a major shareholder in the company.
size sacking boss after may
He was earlier suspended for alleged financial irregularities, Limiting the long-running dispute between the Singapore firm’s shareholders, board and co-founders.
During the due diligence process for ET’s new funding round, financial discrepancies were reportedly detected in its accounting.
Reported on 12 April, The company was in the final stages of talks to raise $150-200 million in a new round at a potential valuation of $1.2 billion, paving the way for it to become a unicorn.
Bose, who worked at Sequoia Capital India before starting Zilingo, had called her suspension a ‘witch hunt’.
“Over the past few months, despite my numerous requests, the Zilingo board has failed to show me any reports (issued by Kroll or Deloitte) that pertain to any company investigations or alleged misconduct by me, and why or how these were used. To terminate my position as CEO,” Bose wrote on Instagram.
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She continued, “It is very clear to me that hundreds of employees and customers are also in limbo… I once again ask each Zilingo shareholder to look at our differences and individual agenda to try and do what is best for our people.” I would request to give priority.”
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Reported on May 4th that Zilingo had appointed Deloitte to look into his harassment claims after he was suspended by Bose.
Read also:
Timeline: How Zilingo fired cofounder and CEO Ankiti Bose