ED conducts searches at office, residence of Byju's CEO Raveendran

ED officials conducted a search under the provisions of the Foreign Exchange Management Act (FEMA), which led to the seizure of incriminating documents and digital data.

ShahRukh Khan fined for promoting BYJUs over false coaching promise

ED conducts searches at 3 premises of Byju's founder Byju Raveendran; finds incriminating documents, seizes data

FEMA searches also revealed that the company has received foreign direct investment to the tune of Rs.28000 Crore (approx.) during the period from 2011 to 2023.

Biggest Edu-tech Startup BYJUS didn't prepare its financial statement for last 3 years and accounts were not audited. This is Crazy and beyond understanding because the BYJUS  is valued at $22 Billion.

What are the allegations against the Edtech firm? What is the response of the company to the investigation?

ED raids Raveendaran Byju's office, residence, investigation on for FEMA violations

ED conducts searches at 3 premises of Byju's founder Byju Raveendran; finds incriminating documents, seizes data

India's Directorate of Enforcement (ED) raided the offices of ed-tech unicorn Byju's in Bengaluru, Karnataka today