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Temasek-Backed Zilingo Suspends CEO Amid Accounting Probe

Selasa, 12 April 2022 | 17:29 WIB
Temasek-Backed Zilingo Suspends CEO Amid Accounting Probe

ILUSTRASI. Zilingo has suspended CEO Ankiti Bose after an attempt to raise new funds prompted questions about the company's accounting. KONTAN/Baihaki/12/4/2018

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Temasek-backed fashion startup Zilingo, has suspended Chief Executive Officer Ankiti Bose after an attempt to raise new funds prompted questions about the company's accounting. Bloomberg News reported on Tuesday, citing sources.

The Singapore-based startup's investors began questioning its finances as part of the due diligence process when Zilingo was looking to raise between US$ 150 million and US$ 200 million with the help of Goldman Sachs Group Inc GS.N. The report said.

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