Singapore-based startup Zilingo`s former CEO, Ankiti Bose, who was sacked over alleged monetary irregularities final yr, has filed a $100 million defamation lawsuit in opposition to Mahesh Murthy, angel investor and co-founder of Seedfund, the media reported.

In keeping with main startup information portal Inc42, the lawsuit has been filed within the Bombay Excessive Courtroom on April 20 over an article authored by Murthy in a prime enterprise journal.

Murthy didn`t title Bose within the article however wrote a number of descriptive pointers. The article talked about “one woman” who “ran a well-liked style portal and took Sequoia`s cash”.

“She received her agency to pay her lawyer some Rs 70 crore as charges and — it’s rumoured — received loads of that quantity immediately again to herself as her lower,” Murthy alleged in his article..

Bose was quoted as saying that the $100 million lawsuit was filed taking into consideration her steadiness of fairness in Zilingo and “the losses that statements like this could have an effect on future endeavours.”

The lawsuit is at present within the pre-admission stage, in accordance with experiences.

In March final yr, Zilingo suspended 30-year-old CEO Bose over complaints about alleged monetary irregularities.

Following an investigation led by an unbiased forensics agency, the startup determined to terminate Bose`s employment.

In April final yr, she dropped at the board`s consideration sure harassment-related points pertaining to previous time intervals, which didn’t embrace any harassment complaints in opposition to traders or their nominees.

A prime consulting agency was then appointed to look into the claims of harassment dropped at the Board`s discover by Ankiti.

In keeping with Zilingo, the investigation concluded that the corporate took applicable motion and adopted due course of to deal with these complaints that have been dropped at their discover, “opposite to media experiences which have prompt that the suspension and investigations into Bose have been aimed toward suppressing the stated harassment claims”.

The startup had raised greater than $300 million from prime traders, together with Temasek Holdings Pte and Sequoia Capital India.