The company’s directors are Liu Can, a Chinese national, and Vedant Hamirwasia, an Indian citizen who the ED said has no control on the firm’s affairs.
The Enforcement Directorate (ED) that recently raided the offices of an online education firm in Bengaluru has learnt in its course of investigation that the company is owned by a Chinese national, and it has sent around Rs 82 crore to China as .
The company provides online education in the name of Odaclass. During the search, it was revealed that the company is wholly owned by Chinese nationals. The company is part of a group consisting complex web of entities having ultimate controlling company in Cayman Island, according to the probe agency.