Temasek-backed Zilingo suspends CEO, sources say accounts being probed

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Sources familiar with the matter said Temasek and Sequoia had raised concerns about Zilingo's accounts.

The company, which is backed by investors including Temasek Holdings and Sequoia Capital India, said in a statement that its shareholders and board members had received information last month that required investigation.

"The major investors hired an independent firm to investigate the matter, and the company is working closely with the major investors and the independent firm for the investigation," Zilingo said, but declined to give specifics.

 

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