Edtech group Byju’s founders sued in US over missing $533mn

Byju’s US Lenders Sue Founder, Wife, Top Aide Over Missing Cash

American lenders sued controversial Indian tech entrepreneur Byju Raveendran and his wife in a US bankruptcy court, seeking to hold them personally responsible for more than $500 million in missing loan proceeds.

Edtech group Byju’s founders sued in US over missing $533mn

Creditors allege in court documents that husband-and-wife team and strategy chief ‘masterminded theft’ of loan proceeds

Byju's founders slam US lawsuit allegations by GLAS as 'baseless', term it conspiracy for control

New Delhi, Apr 10 (PTI) Founders of Byju's on Thursday slammed allegations by Glas Trust in a recent US lawsuit as completely "baseless and untrue", saying it is a part of their conspiracy to wrestle control of the company through "possible nefarious means". Founders of the embattled edtech firm, Byju Raveendran, had recently filed an FIR against the former resolution professional (RP), a trustee representing US lenders, and certain EY employees…

Byju's Alpha sues Byju Raveendran, Divya Gokulnath in US court for orchestrating theft of $533 mn

Byju's Alpha, a special purpose financing vehicle established by Byju's in the US to receive proceeds of a $1.5 billion Term Loan B, has sued Byju Raveendran, co-founder and his wife Divya Gokulnath for "orchestrating theft of $533 million".

BYJU’S Alpha Sues Byju Raveendran Over Alleged ‘Misappropriation’ Of $533 Mn

BYJU’S Alpha, the US-based special purpose finance vehicle of BYJU’S, has sued the edtech startup’s founder Byju Raveendran, his wife and cofounder Divya Gokulnath and advisor Anita Kishore for allegedly ‘misappropriating’ $533 Mn in funds. The lawsuit alleged that the three orchestrated and executed a lawless scheme to conceal and steal $533 Mn of loan proceeds. This comes after the US bankruptcy Delaware court ruled in favour of the lenders of…

'Orchestrating theft of $533 million': Byju’s Alpha sues Byju Raveendran, Divya in US court

On the heels of the Delaware Bankruptcy Court’s recent judgment against his brother and companies, this action is being brought to now hold Byju Raveendran, the former CEO of BYJU’s Alpha, and two more of his co-conspirators accountable for their roles in masterminding the theft of more than half a billion dollars