BYJU’S Alpha’s missing $533M: Outsourcing co CEO alleges roundtripping in sworn declaration

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In a new development in the long-running dispute over the missing $533 million from BYJU’S Alpha, a fresh filing by GLAS Trust in the Delaware Bankruptcy Court laid out how the funds were allegedly handled and highlighted inconsistencies with Byju Raveendran’s earlier public statements.

However, a statement issued on November 17, on behalf of the founders of BYJU’S parent Think and Learn Private Limited, “categorically and unequivocally reject the allegations made in GLAS Trust’s latest…



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BYJU’S Alpha’s missing $533M: Outsourcing co CEO alleges roundtripping in sworn declaration


In a new development in the long-running dispute over the missing $533 million from BYJU’S Alpha, a fresh filing by GLAS Trust in the Delaware Bankruptcy Court laid out how the funds were allegedly handled and highlighted inconsistencies with Byju Raveendran’s earlier public statements.

However, a statement issued on November 17, on behalf of the founders of BYJU’S parent Think and Learn Private Limited, “categorically and unequivocally reject the allegations made in GLAS Trust’s latest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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