Singapore-based fashion technology startup Zilingo has sacked co-founder and CEO Ankiti Bose over complaints of financial irregularities in the company accounts.

“Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose’s employment with cause, and reserves the right to pursue appropriate legal action,” the company said in a statement on Friday without elaborating on the allegations against her.

Zilingo was founded by Bose and chief technology officer Dhruv Kapoor in 2015. Its shareholders have taken a call to recall their entire loan, leading the company to appoint a financial adviser to assess options.

“Due to Zilingo’s failure to fulfill prior obligations under the loan agreement, the company’s lenders have made the decision to accelerate the repayment of the entire loan,” Zilingo’s board said in a statement to Reuters.

Calling it a “witch-hunt”, Bose said, “Any report that comes out post my termination would be vitiated as it seems to be instructed by conflicted parties and we will pursue our rights against this witch-hunt to the full extent of the law. I will be speaking on record shortly with more details about the conflicts of interest in the manner this process was run.”

She was earlier suspended on March 31 over alleged discrepancies in the company accounts.

“I was suspended on the basis that the company had instructed Kroll to investigate the complaint. I have neither seen the Kroll nor Deloitte reports and not been given sufficient time to produce any documents requested by them,” she had said. 

Ankiti Bose net worth – 

According to the Sports Grail, Ankiti Bose has an estimated net worth of $5 million.

Ankiti Bose education – 

The 30-year-old went to Cambridge School in Kandivli, Mumbai, She then graduated with a BA in Mathematics and Economics from St. Xavier’s College, Mumbai. 

Ankiti Bose husband – 

She is unmarried