Zilingo’s Former CEO Ankiti Bose Files FIR Against Co-founder: Allegations of Threats and Deception

Zilingo’s Former CEO Ankiti Bose Files FIR Against Co-founder: Allegations of Threats and Deception

Zilingo’s co-founder and former CEO, Ankiti Bose, filed a criminal complaint against Dhruv Kapoor, the other co-founder, and Aadi Vaidya, the former COO, according to reports. Ankiti Bose filed a complaint accusing Dhruv Kapoor and Aadi Vaidya of “cheating,” “criminal intimidation,” “conspiracy,” and “harassment.” She also claimed that the two had deceived her and Zilingo’s investors while trying to profit financially. Ankiti Bose alleged in a “six-page complaint” that she had been forced to give up shares and business under pretenses by the two. reported on this.

What did Ankiti Bose say in her complaint?

“Aadi Vaidya, in her capacity as chief operating officer, committed wrongdoing by misrepresenting me as the source of loss-making trades and giving trade credit to different parties under my name. Even though he handled all of the operational negotiations in my former company, he then utilized those deals to scare me by falsely accusing me in front of investors. According to the TOI article, she stated, “I have been threatened, misled, and had mistakes attributed to me in order for Vaidya to fraudulently acquire my shares, which are valued at multiple crores.” She said that Dhruv Kapoor and Aadi Vaidya were “sneaky and shady” and that they had concealed numerous company-related facts and information.

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Ankiti Bose’s exit from Zilingo

In 2015, Dhruv Kapoor and Ankiti Bose co-founded Zilingo. The Zilingo board dismissed Ankiti Bose in 2022 after looking into claims of financial irregularities made by Kroll. It was reported that in 2019, Zilingo’s valuation had increased to ₹7,000 crore. Then, the business declared, “The company has decided to terminate Ankiti Bose’s employment with cause and reserves the right to pursue appropriate legal action, following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities.” “The media attention around Zilingo and myself has made it impossible to focus on what is important,” Ankiti Bose said in response to her departure, “in addition to the dispute playing out publicly (which ought to have been kept private as originally intended”).”