Tag: Byjus
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Byju Raveendran faces additional challenges as the Enforcement Directorate requests a look out circular against him
According to the Economic Times, the Directorate of Enforcement (ED) has requested the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, the founder and CEO of Byju’s. This action was taken by the ED to ensure that Byju Raveendran does not leave the country. The report states that the…
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Byju’s receives ED notice for forex violations amounting to Rs 9000 crore, as per reports.
Reports on Tuesday claimed that edtech start-up Byju’s has been issued a show-cause notice by the Enforcement Directorate (ED) over alleged Foreign Exchange Management Act (FEMA) violations worth Rs 9,000 crore. However, the company has refuted these claims, stating that it has not received any notice from the ED. Byju’s spokesperson has categorically denied media…