Tag: ForexViolations
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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…