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Ankiti Bose, the former CEO of fashion e-commerce giant Zilingo, has lodged a criminal complaint against co-founder Dhruv Kapoor and ex-COO Aadi Vaidya, accusing them of cheating, criminal intimidation, conspiracy, and harassment. The allegations shed light on internal conflicts within the company and raise concerns about corporate governance.
In her complaint, Ankiti Bose claims that Dhruv Kapoor and Aadi Vaidya engaged in deceptive practices, coerced her to relinquish shares and business control, and misled investors for personal financial gains. She alleges misconduct by Aadi Vaidya, including falsely attributing loss-making deals to her and manipulating operational dealings to acquire her shares fraudulently.
Ankiti Bose’s complaint outlines instances where Kapoor and Vaidya allegedly misrepresented company data, hid information, and used coercive tactics to intimidate and deceive her. The accusations point to a breach of trust and ethical standards within Zilingo’s leadership.
Ankiti Bose co-founded Zilingo in 2015, witnessing rapid growth and valuation until her dismissal in 2022 over financial irregularities investigated by Kroll. The public fallout from her termination and subsequent legal actions have highlighted internal strife and governance issues within the company.
Dhruv Kapoor and Aadi Vaidya have denied the allegations, describing them as baseless and retaliatory. Kapoor emphasized his adherence to integrity and ethical conduct during his tenure, while Vaidya viewed the accusations as an attempt to tarnish his reputation.
The FIR filed by Ankiti Bose signals a legal battle that could further expose internal conflicts and impact Zilingo’s reputation. The allegations raise questions about corporate ethics, transparency, and accountability in the startup ecosystem.
Sources By Agencies
