Byju Raveendran denies making secret payments to government officials to resolve FEMA cases

Byju Raveendran, the founder of troubled edtech firm Byju’s, has denied allegations made in a Delaware court by the counsel of Glas Trust. The trust, which represents US lenders who had given the company $1.2 billion in term loans, accused him of negotiating with Indian government officials to make “substantial unofficial payments”.

“GLAS counsel Ravi Shankar is at it again, lying to sway orders. He’s peddling “reports” that I’m negotiating with high-ranking Indian officials for “substantial payments” – pure fiction, no evidence…