Singapore-based startup Zilingo‘s former CEO, Ankiti Bose, who was sacked over alleged financial irregularities last year, has filed a $100 million defamation lawsuit against Mahesh Murthy, angel investor and co-founder of Seedfund, the media reporter.
According to leading startup news portal Inc42, the lawsuit has been filed in the Bombay High Court over an article authored by Murthy in a top business magazine. Murthy didn’t name Bose in the article but wrote several descriptive pointer. The article mentioned “one lady” who “ran a popular fashion portal and took Sequoia’s money”.
Bose was quoted as saying that the $100 million lawsuit was filed taking into account her balance of equity in Zilingo and “the losses that statements like this can affect future endeavours.”
