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Byju’s execs accused of diverting over $1m in bankruptcy case
Two executives associated with the Indian edtech company Byju’s are under legal scrutiny in the United States.
Allegations suggest they have transferred assets from the firm’s subsidiaries while under court supervision.
They are accused of transferring software, over US$1 million in cash, and critical cloud-based accounts from Byju’s US units Epic! Creations and Tangible Play.
A US federal judge is considering potential sanctions against Vinay Ravindra, chief content officer of Byju’s, and Rajendra Vellapalath, founder of Voizzit Technology.
Recent Byju’s developments
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26-Nov-2024 🔍 Byju’s faces financial probe amid insolvency woes
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22-Nov-2024 ⚖️ Byju’s founder accused of witness tampering in US court
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21-Nov-2024 📉 Byju’s founder accused of using hidden funds to regain firm
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18-Oct-2024 📚 Byju’s CEO vows to return to India from Dubai
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18-Oct-2024 📉 Byju’s $22b valuation ‘worth zero’ amid governance crisis
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