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In 50 Words: Indian government orders review into Byju’s accounts
The Indian government has instructed a review into edtech giant Byju’s accounts, following the resignation of its auditor and three board members last month. The move will determine if further scrutiny from the Serious Fraud Investigation Office is necessary. Byju’s, which was last valued at US$22 billion, has been grappling with financial challenges. After cutting thousands of jobs in the past year, it is looking to raise another US$1 billion.
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