Ankiti Bose fights back on the falsified allegations lodged against her

Co-founder and ex-CEO of fashion e-commerce startup Zilingo launches an FIR

MUMBAI, 24 APRIL 2024: The Mumbai Police have launched a detailed criminal investigation into Co-founder & CTO – Dhruv Kapoor and ex-COO – Aadi Vaidya following accusations that have gripped the attention of India’s business sector. The allegations, outlined in the complaint look into:

Cheating and Fraud (Sections 415, 416, 417 of the Indian Penal Code, 1860)

Criminal Conspiracy (Section 120B of the Indian Penal Code, 1860)

Defamation (Sections 499, 500 of the Indian Penal Code, 1860)

Harassment and Criminal Intimidation (Section 506 of the Indian Penal Code, 1860)

These charges are linked to the dramatic decline of the once-prominent startup Zilingo and the controversial dismissal of its CEO, Ankiti Bose.

Once hailed as a pioneering figure in the Asian technology industry, Ankiti Bose saw her career severely damaged by what are now considered by many as baseless and contrived accusations. According to the complaint before Kasturba Police Station, Borivali East, Ankiti Bose said, “As the chief operating officer, Aadi Vaidya engaged in misconduct by falsely attributing loss-making deals to me and extending trade credit to various parties in my name. He then used those deals to threaten me by falsely implicating me to investors, despite the fact that all operational dealings were conducted by him in my previous company. I have been threatened, deceived, and had errors attributed to me in order for Vaidya to fraudulently acquire my shares, which are valued at multiple crores.”

According to the FIR, Kapoor and Vaidya are alleged to have manipulated facts, fabricated charges, and intentionally concealed essential documents and information. These calculated actions were reportedly aimed at discrediting Ms. Bose, culminating in her removal and the eventual unraveling of the fashion e-commerce powerhouse. Confirming that their client, Ms. Bose has bravely lodged a criminal complaint through an FIR against her former colleagues, Managing Partner, Mr. Pradeep Kumar Jain and Partner, Ms. Monika Tanna – Law firm, Singhania & Co., is representing Ms. Bose