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India has launched an investigation into Byju’s financial and accounting practices following previous findings of corporate governance issues. The federal government has directed the Registrar of Companies in Hyderabad to examine the company's financial statements for potential misreporting and possible fund misappropriation.
Byju Raveendran, founder of Byju’s, allegedly attempted to persuade Nebraska businessman William R. Hailer to flee the U.S. to avoid testifying in federal court. Hailer claimed Raveendran sent him a nearly $10,700 plane ticket to Dubai and offered a $500,000 salary to join him, urging him not to testify about Raveendran's efforts to regain control of Byju’s assets.
Byju Raveendran, founder of Byju’s, allegedly urged a Nebraska businessman to flee the US to avoid testifying in federal court about questionable activities he witnessed involving Raveendran. Just two days before the hearing, Raveendran sent the businessman a plane ticket to Dubai, as new allegations emerged regarding his attempts to use concealed loan proceeds to secretly repurchase a software company.
Byju Raveendran, the founder of the bankrupt Indian tech firm Byju’s, is accused of attempting to regain control of his struggling education empire by using hidden loan proceeds to secretly buy back a software company. This move comes as the company faces court supervision in both India and the US, as detailed in a recent court filing by Nebraska businessman William R. Hailer.
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Byju's under investigation for financial and accounting irregularities in India
06:25 26.11.2024
byju's founder allegedly tried to evade testimony by offering bribe
02:46 22.11.2024
byjus founder allegedly urged associate to flee us before court testimony
19:13 21.11.2024
byjus founder accused of hiding cash to regain control of firm
01:43 21.11.2024
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