{"id":3144,"date":"2023-04-22T17:57:52","date_gmt":"2023-04-22T12:27:52","guid":{"rendered":"https:\/\/newsunitedindia.com\/3144\/"},"modified":"2023-04-22T17:57:52","modified_gmt":"2023-04-22T12:27:52","slug":"zilingo-ceo-ankiti-bose-files-100-million-defamation-against-mahesh-murthy-for-defamatory-article","status":"publish","type":"post","link":"https:\/\/newsunitedindia.com\/?p=3144","title":{"rendered":"Zilingo CEO Ankiti Bose Files $100 Million Defamation Against Mahesh Murthy For ‘Defamatory’ Article"},"content":{"rendered":"

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\"Zilingo<\/div>\n

Fashion tech firm Zilingo’s co-founder Ankiti Bose<\/p>\n<\/div>\n

Ankiti Bose, a co-founder of the fashion technology company Zilingo in Singapore, has filed a defamation lawsuit against prominent angel investor and co-founder of Seedfund Mahesh Murthy.<\/p>\n

Sources with knowledge of the matter say that Mr. Murthy’s article in the March 1 issue of Outlook Business magazine<\/em> is what sparked the legal action.<\/p>\n

Mr Murthy charged Ms Bose in the article with illegally taking money from a startup.<\/p>\n

Ankiti Bose was reportedly suspended by Zilingo in April 2022 as a result of several claims of improper behaviour made by unnamed insiders in the organisation, according to Inc42.<\/em><\/a><\/p>\n

According to HT Media<\/em><\/a>, Mr Murthy didn’t name Ms Bose in the article but offered various descriptive pointers. Referring to founders who took money illegally out of their startups, it mentioned “one lady” who “ran a popular fashion portal and took Sequoia’s money”.<\/p>\n

“She got her firm to pay her lawyer some Rs 70 crore as fees and-it is rumoured-got a lot of that amount directly back to herself as her cut,” Mr Murthy alleged.<\/p>\n

“The fact is, there was no evidence presented to me; there was no report presented to me. There were just a lot of media statements and a lot of unnamed sources saying things, but nobody (else) saying anything directly on record,” she said.<\/p>\n

Ms Bose said that the $100 million was computed by calculating, among other things, her balance of equity in Zilingo and taking into account “the losses that statements like this can affect future endeavours.”<\/p>\n

However, the complaint was filed on April 20 and is currently in the pre-admission stage.<\/p>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fashion tech firm Zilingo’s co-founder Ankiti Bose Ankiti Bose, a co-founder of the fashion technology company Zilingo in Singapore, has filed a defamation lawsuit against prominent angel investor and co-founder of Seedfund Mahesh Murthy. Sources with knowledge of the matter say that Mr. Murthy’s article in the March 1 issue of Outlook Business magazine is…<\/p>\n","protected":false},"author":3,"featured_media":3145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[57,56,66,55,53,54,58,63,52,61,60,59,62],"tags":[],"class_list":["post-3144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business","category-crime","category-dharma","category-e-paper","category-education","category-entertainment","category-health","category-international","category-lifestyle","category-national","category-politics","category-sports"],"_links":{"self":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/posts\/3144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3144"}],"version-history":[{"count":0,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/posts\/3144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/media\/3145"}],"wp:attachment":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}