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Singapore-based fashion startup Zilingo has terminated the employment of cofounder and CEO Ankiti Bose, based on results of an independent inquiry into complaints of financial irregularities.

“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 Ms Ankiti Bose’s employment with cause, and reserves the right to pursue appropriate legal action,” the company said in a statement.

It added that another top consulting firm was appointed to look into the claims of sexual and workplace harassment brought to the board’s notice by Bose after her suspension.

“The investigation has concluded that the company took appropriate action and followed due process to address these complaints that were brought to their notice, contrary to media reports that have suggested that the suspension and investigation into Ankiti Bose were aimed at suppressing the said harassment claims,” Zilingo’s statement added.

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