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Byju's founder accused of plan to regain co with hidden cash
Mint Mumbai
|November 22, 2024
Byju Raveendran has been trying to regain control of his capsizing edutech empire
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The founder of bankrupt Indian tech firm Byju's tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court filing.
Byju Raveendran has been trying to regain control his capsizing education technology empire, which is under court supervision in both India, where the parent is based, and the US, where some of its valuable units are located, according to a court declaration filed by Nebraska businessman William R. Hailer.
This story is from the November 22, 2024 edition of Mint Mumbai.
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