EdTech
BYJU’S Missing $533 Mn: Raveendran Denies ‘Roundtripping’ Allegations
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SUMMARY
BYJU’S cofounder Byju Raveendran has categorically denied allegations made in the US Delaware Bankruptcy Court that he diverted $533 Mn belonging to the edtech’s US-based entity BYJU’S Alpha
In a sworn declaration filed as part of BYJU’s Alpha settlement, UK-based logistics firm OCI’s CEO Oliver Chapman contradicted BYJU’S earlier affidavit
The CEO alleged that the “vast majority” of the money was moved through opaque transfers to a Singapore-based entity — BYJU’S Global Pte Ltd, owned personally by…
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