Bloomberg L.P.

Probe Finds Byju’s Failed Investors But Didn’t Commit Fraud

An India government investigation found lapses in the corporate governance of Byju’s, but cleared the struggling online-education startup of financial fraud. The yearlong probe by the Ministry of ...
Hosted on MSN

Case against Byju's founder and directors in Rs 47-crore fraud case

The Mumbai Police's Economic Offences Wing (EOW) has registered an FIR against Byju's founder Byju Ravindran and company directors for alleged cheating and fraud to the tune of Rs 46.90 crore. The FIR ...
Bloomberg L.P.

India Says Reports That Byju’s Cleared of Fraud Are Incorrect

India’s Ministry of Corporate Affairs denied that Byju’s has been cleared of financial fraud, saying media reports stating the opposite are factually “incorrect and misleading.” News outlets including ...
Business Insider

A once-hot startup got a $1.5 billion loan. More than $500 million went to a high school dropout's 'sham' hedge fund, judge rules.

Byju's was once India's hottest startup, with a lineup of top global debt and equity investors. A judge ruled that Byju's-related entities had fraudulently transferred over $500 million to a "sham" ...
JD Supra

Delaware Bankruptcy Court Sides with Trustee in Two Related Orders in $500 Million Fraudulent Transfer Action Arising out of BYJU’s Bankruptcy

In related orders in an action to recover over $500 million in alleged fraudulent transfers arising out of the bankruptcy of an education technology company, the U.S. Bankruptcy Court for the District ...
inc42

Govt Probe On BYJU’S Flags Corporate Governance Lapses: Report

An investigation by the Ministry of Corporate Affairs found that weak corporate governance and compliance failures, coupled with the change in funding environment were the primary reasons behind the ...