Suspended CEO Ankiti Bose proposes repaying Zilingo's $40 mn-debt

Ankiti Bose, the suspended Indian-origin CEO of Singapore-based fashion startup Zilingo, has proposed to repay the company's entire outstanding debt worth $40 million. As per reports, this would let her gain more equity in the firm. "After Bose's suspension in April, the company missed the repayment which was due in the same month," a source told the Financial Express.