Former Zilingo CEO files criminal complaint against co-founder, ex-COO

SINGAPORE: Ms Ankiti Bose, the co-founder and ex-CEO of Zilingo, has filed criminal complaints against two of her frail colleagues at the fashion delivery up-up, the Times of India reported on Wednesday (Apr 24).

Ms Bose pressed charges of cheating, intimidation, conspiracy and harassment against her fellow co-founder Dhruv Kapoor and the firm’s frail chief working officer Aadi Vaidya, per the newspaper.

In a six-website criticism reviewed by the Times of India, Ms Bose alleged that Mr Kapoor and Mr Vaidya had misled her and the Singapore-based completely completely firm’s investors while attempting to be triumphant in monetary advantages.

She also alleged that they “coerced her into relinquishing her shares and enterprise beneath false pretences”, it added.

This took space between April 2020 and 2022, Ms Bose mentioned in her criticism.

In April 2022, Ms Bose used to be suspended because the firm’s CEO following an investigation into the delivery up-up’s accounts after complaints about alleged monetary irregularities personal been raised. She used to be fired a month later.

In his aim as COO, Mr Vaidya “engaged in misconduct by falsely attributing loss-making deals to me and increasing alternate credit score to hundreds of parties in my title”, the Times of India reported Ms Bose as asserting in her criticism.

“He then historic those deals to threaten me by falsely implicating me to investors, even even though every operational dealings personal been conducted by him in my old firm,” she continued

“I personal been threatened, deceived and had errors attributed to me in yell for Vaidya to fraudulently develop my shares, which would be valued at a pair of crores.”

The term “crore” denotes a price of 10 million in India, with 10 million rupees being the an analogous of about US$120,000.

Mr Kapoor and Mr Vaidya also exhibited “sneaky and shady” behaviour by concealing firm-connected data, Ms Bose claimed, at the side of that this made it sophisticated for her to possess advised choices.

The pair also “intentionally didn’t relief conferences” with monetary adviser Kroll, which had been employed to habits a forensic audit to analyze the complaints made against the firm.

Their absence “extra complicated matters for me and disrupted the completely different crew contributors”, Ms Bose mentioned.

In statements released on Wednesday, Mr Kapoor and Mr Vaidya mentioned that Ms Bose’s claims are “completely baseless” and fraudulent.

“An intensive investigation has already confirmed her wrongdoing based completely completely on which she used to be terminated from the firm. This seems to be nothing nonetheless retaliatory behaviour,” mentioned Mr Kapoor.

Mr Vaidya mentioned that Ms Bose’s allegations “seems love nothing nonetheless a definite afterthought performed with a malicious draw to pains my recognition and harass me”.