Byju s said the company has taken all efforts to fully comply with all applicable foreign exchange laws and all our cross-border transactions have been duly vetted.
BYJU's, India's most valuable startup, sought to reassure employees and partners after a weekend raid of the education company's offices by the agency that investigates money laundering in the country.
ED had on Saturday searched three premises in Bengaluru linked to the company over alleged foreign exchange law violations. Searches at Think & Learn Private Limited (Byju s online learning platform) yielded "various incriminating documents and digital data was seized", ED had said. ED Raids BYJU s Office: CEO Byju Raveendran Says Brought More FDI to India Than Any Other Startup, Company in Compliance .