BYJU’S Missing $533 Mn: Raveendran Denies ‘Roundtripping’ Allegations

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…