UK-based OCI Limited claims Byju's founder Byju Raveendran "roundtripped" $533 million loaned to a US SPV for personal use. OCI's founder stated Raveendran intended to divert funds to a Singapore ...

BDO, the auditor for Indian edtech startup Byju’s, has resigned with immediate effect, marking the second auditor departure for the embattled startup in about a year and further intensifying concerns ...

It also alleged that Raveendran, along with a former OCI representative Rupin Banker and others, “abused OCI to facilitate a fraud on the Debtor and its creditors.” ...

Sept 7 (Reuters) - Indian education technology company Byju's' auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju ...

At the core of the dispute is the allegation that $533 million, part of the $1.2 billion loan meant for Byju’s Alpha, was diverted through OCI and eventually moved to a Singapore entity allegedly ...

NEW DELHI, July 19 (Reuters) - Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a ...

BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to about $1 billion from $22 billion in early 2022, according to disclosures made ...

Oliver Chapman, founder and chief executive of the UK-based OCI, claims that Byju’s Alpha diverted $533 million using his firm to another entity belonging to the edtech’s founder, Byju Raveendran.

Forbes contributors publish independent expert analyses and insights. I write about Indian entrepreneurs. Troubled Indian edtech firm Byju’s is in the spotlight again. Amsterdam-listed investment ...

Byju Raveendran, founder and chief executive officer of Think and Learn, speaks during the Credit Suisse Asian Investment Conference in Hong Kong on March 26, 2019. After months of delay, Byju’s—the ...