Zilingo Pte, one of Singapore’s highest-profile startups, said to suspend CEO amid investigation

SINGAPORE, April 12 (Bloomberg): Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose (pic) after an effort to raise new funding led to questions about the company’s accounting, according to people familiar with the matter.

The company, which supplies technology to apparel merchants and factories, had been trying to raise US$150 million to US$200 million with help from Goldman Sachs Group Inc. when investors began to question its finances as part of the due diligence process, said the people, asking not to be identified because the information is confidential.